Westwood Holdings Group, Inc. (NYSE:WHG) Sees Significant Decline in Short Interest

Westwood Holdings Group, Inc. (NYSE:WHG) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 221,700 shares, a decrease of 32.9% from the June 30th total of 330,400 shares. Based on an average trading volume of 70,300 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.8% of the shares of the company are sold short.

WHG traded down $0.27 during trading on Monday, hitting $30.09. 40,200 shares of the stock traded hands, compared to its average volume of 51,674. The company has a market cap of $276.12 million, a price-to-earnings ratio of 17.44 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.56 and a quick ratio of 7.56. The company has a 50-day moving average price of $32.36. Westwood Holdings Group has a 12-month low of $28.10 and a 12-month high of $61.08.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, September 5th. This represents a $2.88 annualized dividend and a yield of 9.57%.

Several large investors have recently bought and sold shares of WHG. Renaissance Technologies LLC increased its position in Westwood Holdings Group by 22.7% in the second quarter. Renaissance Technologies LLC now owns 697,222 shares of the asset manager’s stock worth $24,542,000 after purchasing an additional 129,096 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Westwood Holdings Group by 0.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 565,291 shares of the asset manager’s stock worth $19,938,000 after acquiring an additional 2,100 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Westwood Holdings Group by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 374,407 shares of the asset manager’s stock worth $12,730,000 after acquiring an additional 13,352 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Westwood Holdings Group by 16.4% in the 4th quarter. Geode Capital Management LLC now owns 107,789 shares of the asset manager’s stock worth $3,664,000 after acquiring an additional 15,167 shares during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Westwood Holdings Group by 14.1% in the 2nd quarter. North Star Investment Management Corp. now owns 87,236 shares of the asset manager’s stock worth $3,071,000 after acquiring an additional 10,761 shares during the last quarter. 67.09% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Westwood Holdings Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

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.

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