Westwood Holdings Group (NYSE:WHG) Upgraded at StockNews.com

StockNews.com upgraded shares of Westwood Holdings Group (NYSE:WHG - Free Report) from a hold rating to a buy rating in a report released on Wednesday morning.

Westwood Holdings Group Trading Up 5.4 %

Shares of WHG traded up $0.79 during mid-day trading on Wednesday, reaching $15.35. The company's stock had a trading volume of 28,951 shares, compared to its average volume of 12,025. The stock has a market cap of $142.33 million, a PE ratio of 46.52 and a beta of 1.13. Westwood Holdings Group has a 52 week low of $10.36 and a 52 week high of $18.03. The company's fifty day moving average price is $14.26 and its two-hundred day moving average price is $13.08.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 3.91%. Westwood Holdings Group's dividend payout ratio (DPR) is presently 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently made changes to their positions in WHG. Garner Asset Management Corp increased its stake in shares of Westwood Holdings Group by 85.4% during the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager's stock valued at $1,424,000 after purchasing an additional 53,870 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Westwood Holdings Group by 16.7% during the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager's stock valued at $2,985,000 after acquiring an additional 34,697 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager's stock valued at $5,595,000 after acquiring an additional 13,012 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Westwood Holdings Group by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager's stock valued at $8,294,000 after acquiring an additional 12,680 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Westwood Holdings Group by 2.1% during the first quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager's stock valued at $5,643,000 after acquiring an additional 9,500 shares in the last quarter. Institutional investors own 56.64% of the company's stock.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.