Garner Asset Management Corp Buys 14,427 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Garner Asset Management Corp grew its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 140,753 shares of the asset manager’s stock after acquiring an additional 14,427 shares during the quarter. Garner Asset Management Corp owned about 1.52% of Westwood Holdings Group worth $2,012,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Peapod Lane Capital LLC acquired a new position in Westwood Holdings Group in the fourth quarter valued at about $2,533,000. Wealth Enhancement Advisory Services LLC increased its holdings in Westwood Holdings Group by 87.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock valued at $396,000 after buying an additional 13,000 shares during the period. Arete Wealth Advisors LLC raised its position in shares of Westwood Holdings Group by 11.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after buying an additional 2,178 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Westwood Holdings Group by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager’s stock worth $8,741,000 after acquiring an additional 1,725 shares during the period. Finally, Empowered Funds LLC increased its stake in Westwood Holdings Group by 5.4% in the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager’s stock valued at $384,000 after acquiring an additional 1,353 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Price Performance

Shares of WHG opened at $15.49 on Friday. The firm has a 50 day simple moving average of $15.85 and a two-hundred day simple moving average of $15.45. Westwood Holdings Group, Inc. has a one year low of $11.01 and a one year high of $18.03. The company has a market cap of $145.30 million, a P/E ratio of 61.96 and a beta of 0.96.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a $0.15 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.87%. Westwood Holdings Group’s payout ratio is currently 240.00%.

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.