Dimensional Fund Advisors LP increased its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,108 shares of the asset manager’s stock after buying an additional 20,804 shares during the quarter. Dimensional Fund Advisors LP owned about 3.92% of Westwood Holdings Group worth $21,083,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of WHG. BlackRock Inc. grew its stake in Westwood Holdings Group by 15.0% during the 2nd quarter. BlackRock Inc. now owns 684,001 shares of the asset manager’s stock worth $40,725,000 after buying an additional 89,077 shares during the last quarter. North Star Investment Management Corp. bought a new position in Westwood Holdings Group during the 2nd quarter worth $3,014,000. Conestoga Capital Advisors LLC grew its stake in Westwood Holdings Group by 5.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 740,708 shares of the asset manager’s stock worth $44,102,000 after buying an additional 40,143 shares during the last quarter. Alps Advisors Inc. bought a new position in Westwood Holdings Group during the 2nd quarter worth $620,000. Finally, WBI Investments Inc. bought a new position in Westwood Holdings Group during the 2nd quarter worth $588,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.
Separately, ValuEngine downgraded Westwood Holdings Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th.
Shares of WHG opened at $45.02 on Friday. The firm has a market cap of $467.05 million, a P/E ratio of 17.48 and a beta of 1.42. Westwood Holdings Group, Inc. has a 12 month low of $44.65 and a 12 month high of $71.00.
Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings data on Wednesday, July 25th. The asset manager reported $1.00 EPS for the quarter. Westwood Holdings Group had a return on equity of 16.00% and a net margin of 17.20%. The firm had revenue of $32.76 million during the quarter.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were paid a $0.68 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $2.72 annualized dividend and a dividend yield of 6.04%.
Westwood Holdings Group 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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