Garner Asset Management Corp Raises Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Garner Asset Management Corp lifted its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,326 shares of the asset manager’s stock after acquiring an additional 9,389 shares during the quarter. Garner Asset Management Corp’s holdings in Westwood Holdings Group were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC lifted its stake in Westwood Holdings Group by 5.0% in the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after acquiring an additional 1,206 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of Westwood Holdings Group by 1.4% in the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after purchasing an additional 5,121 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Westwood Holdings Group by 5.2% in the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 5,127 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock worth $2,971,000 after purchasing an additional 5,793 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Westwood Holdings Group by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock worth $8,294,000 after purchasing an additional 12,680 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Stock Performance

Shares of NYSE WHG opened at $16.27 on Friday. The stock’s 50-day simple moving average is $14.99 and its 200-day simple moving average is $13.36. The firm has a market capitalization of $150.82 million, a PE ratio of 49.30 and a beta of 1.13. Westwood Holdings Group, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $18.03.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.69%. Westwood Holdings Group’s dividend payout ratio is presently 181.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

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.