Prosperity Consulting Group LLC Sells 717 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Prosperity Consulting Group LLC decreased its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,936 shares of the asset manager’s stock after selling 717 shares during the period. Prosperity Consulting Group LLC owned approximately 0.20% of Westwood Holdings Group worth $275,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WHG. Peapod Lane Capital LLC bought a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $2,533,000. Garner Asset Management Corp boosted its stake in shares of Westwood Holdings Group by 11.4% during the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock valued at $2,012,000 after purchasing an additional 14,427 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Westwood Holdings Group by 87.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock valued at $396,000 after purchasing an additional 13,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $160,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Westwood Holdings Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager’s stock valued at $3,755,000 after purchasing an additional 9,992 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Price Performance

NYSE:WHG opened at $16.46 on Tuesday. Westwood Holdings Group, Inc. has a one year low of $11.01 and a one year high of $18.03. The company’s 50-day simple moving average is $15.85 and its 200 day simple moving average is $15.58. The firm has a market capitalization of $154.40 million, a P/E ratio of 65.84 and a beta of 0.96.

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

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Monday, March 3rd. Westwood Holdings Group’s payout ratio is currently 240.00%.

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.