Gamco Investors INC. ET AL Grows Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Gamco Investors INC. ET AL increased its holdings in Westwood Holdings Group, Inc. (NYSE:WHG) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 458,000 shares of the asset manager’s stock after acquiring an additional 9,500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Westwood Holdings Group were worth $5,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WHG. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 352.5% in the fourth quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock worth $714,000 after acquiring an additional 47,047 shares during the period. Prosperity Consulting Group LLC purchased a new stake in Westwood Holdings Group in the first quarter worth about $537,000. Russell Investments Group Ltd. lifted its stake in Westwood Holdings Group by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after acquiring an additional 34,697 shares during the period. Cerity Partners LLC purchased a new stake in Westwood Holdings Group in the fourth quarter worth about $258,000. Finally, Hillsdale Investment Management Inc. bought a new position in Westwood Holdings Group in the fourth quarter worth about $166,000. 56.64% of the stock is owned by hedge funds and other institutional investors.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.04 during trading hours on Friday, reaching $13.37. The stock had a trading volume of 11,020 shares, compared to its average volume of 5,483. Westwood Holdings Group, Inc. has a 52 week low of $8.91 and a 52 week high of $13.63. The company has a market cap of $124.47 million, a price-to-earnings ratio of 9.83 and a beta of 1.17. The business’s 50 day moving average price is $12.41 and its 200-day moving average price is $12.33.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 13.39% and a return on equity of 12.53%. The firm had revenue of $22.73 million for the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.49%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 44.12%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Westwood Holdings Group in a report on Thursday. They issued a “strong-buy” rating for the company.

Westwood Holdings Group 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.