Westwood Holdings Group Inc (NYSE:WHG) Announces Quarterly Dividend of $0.15

Westwood Holdings Group Inc (NYSE:WHG) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share by the asset manager on Monday, January 4th. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

Westwood Holdings Group has increased its dividend by an average of 0.1% annually over the last three years.

Westwood Holdings Group Trading Down 3.2%

NYSE:WHG opened at $18.62 on Friday. Westwood Holdings Group has a 12-month low of $14.70 and a 12-month high of $20.97. The firm has a market cap of $176.71 million, a price-to-earnings ratio of 21.16 and a beta of 0.57. The company’s 50-day moving average is $18.94 and its two-hundred day moving average is $17.91.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Thursday, November 5th. The asset manager reported $0.48 EPS for the quarter. The business had revenue of $26.57 million during the quarter. Westwood Holdings Group had a net margin of 7.73% and a return on equity of 8.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Westwood Holdings Group by 1.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 599,542 shares of the asset manager’s stock worth $11,637,000 after buying an additional 6,975 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Westwood Holdings Group in the 2nd quarter worth $843,000. Bank of America Corp DE acquired a new position in Westwood Holdings Group in the second quarter valued at $887,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Westwood Holdings Group in the second quarter valued at $264,000. Finally, De Lisle Partners LLP acquired a new position in Westwood Holdings Group in the second quarter valued at $960,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc is an investment management firm headquartered in Dallas, Texas. Through its subsidiaries, the company provides investment advisory and asset management services to institutional investors, private wealth clients, family offices and investment vehicles.

Westwood manages a range of investment strategies, including equity, income, multi-asset and alternative offerings. Its products and services are designed to address the needs of pension plans, endowments, foundations, corporations, high-net-worth individuals and other investors seeking professionally managed portfolios.

Founded in 1983, Westwood serves clients primarily in the United States and has expanded its capabilities through internal investment teams and strategic acquisitions.