Westwood Holdings Group (WHG) Set to Announce Earnings on Wednesday

Westwood Holdings Group (NYSE:WHG) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 7.63% and a return on equity of 7.86%. The company had revenue of $22.69 million for the quarter.

Westwood Holdings Group Stock Down 4.5 %

NYSE WHG opened at $15.49 on Wednesday. Westwood Holdings Group has a 52 week low of $8.95 and a 52 week high of $18.03. The company has a market capitalization of $144.26 million, a P/E ratio of 11.39 and a beta of 1.15. The stock’s 50-day moving average price is $13.62 and its 200-day moving average price is $12.91.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, August 30th. Westwood Holdings Group’s dividend payout ratio is 44.12%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Westwood Holdings Group in a research report on Monday. They set a “buy” rating for the company.

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.