Westwood Holdings Group (NYSE:WHG) Now Covered by StockNews.com

StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a report issued on Friday. The brokerage issued a strong-buy rating on the asset manager’s stock.

Westwood Holdings Group Trading Down 3.5 %

Shares of Westwood Holdings Group stock opened at $12.29 on Friday. The company has a 50 day moving average of $12.47 and a 200-day moving average of $12.40. Westwood Holdings Group has a 1-year low of $8.91 and a 1-year high of $13.63. The company has a market cap of $114.17 million, a PE ratio of 9.04 and a beta of 1.17.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, September 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 44.12%.

Institutional Investors Weigh In On Westwood Holdings Group

Several large investors have recently modified their holdings of WHG. Gamco Investors INC. ET AL boosted its stake in 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 worth $5,643,000 after acquiring an additional 9,500 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Westwood Holdings Group by 1.0% during the first quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock valued at $4,359,000 after purchasing an additional 3,520 shares in the last quarter. Russell Investments Group Ltd. lifted 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 purchasing an additional 34,697 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Westwood Holdings Group by 5.2% during the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 5,127 shares in the last quarter. Finally, Garner Asset Management Corp increased its holdings in Westwood Holdings Group by 4.4% during the first quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after buying an additional 2,672 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

About Westwood Holdings Group

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.