Short Interest in Westwood Holdings Group, Inc. (NYSE:WHG) Drops By 16.7%

Westwood Holdings Group, Inc. (NYSE:WHG) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 16.7% from the December 15th total of 3,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors have recently added to or reduced their stakes in WHG. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 85.4% in the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after acquiring an additional 53,870 shares during the last quarter. De Lisle Partners LLP raised its holdings in shares of Westwood Holdings Group by 131.4% in the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock valued at $972,000 after purchasing an additional 38,996 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after purchasing an additional 12,680 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock worth $294,000 after purchasing an additional 2,178 shares during the period. Finally, Empowered Funds LLC grew its holdings in Westwood Holdings Group by 5.0% during the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after purchasing an additional 1,206 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Stock Up 7.3 %

Shares of NYSE:WHG traded up $1.04 during midday trading on Friday, reaching $15.32. The company had a trading volume of 13,906 shares, compared to its average volume of 13,186. Westwood Holdings Group has a 1-year low of $11.01 and a 1-year high of $18.03. The stock has a market cap of $142.02 million, a PE ratio of 46.43 and a beta of 1.13. The business’s 50 day moving average price is $15.30 and its 200 day moving average price is $14.17.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Monday, December 2nd. Westwood Holdings Group’s payout ratio is presently 181.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.