Quantamental Technologies LLC increased its stake in Westwood Holdings Group, Inc. (NYSE:WHG) by 83.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,100 shares of the asset manager’s stock after purchasing an additional 500 shares during the quarter. Quantamental Technologies LLC’s holdings in Westwood Holdings Group were worth $39,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in Westwood Holdings Group by 57,233.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,720 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 1,717 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Westwood Holdings Group in the 2nd quarter valued at $72,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Westwood Holdings Group in the 2nd quarter valued at $292,000. Stone Ridge Asset Management LLC grew its position in Westwood Holdings Group by 46.8% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,182 shares of the asset manager’s stock valued at $464,000 after purchasing an additional 4,200 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Westwood Holdings Group in the 2nd quarter valued at $535,000. Institutional investors own 66.64% of the company’s stock.
NYSE WHG traded down $0.32 during mid-day trading on Friday, hitting $30.05. The company’s stock had a trading volume of 95,570 shares, compared to its average volume of 34,165. The company’s 50 day simple moving average is $29.46 and its 200 day simple moving average is $32.48. Westwood Holdings Group, Inc. has a twelve month low of $26.55 and a twelve month high of $53.68. The company has a current ratio of 7.56, a quick ratio of 7.56 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $271.65 million, a price-to-earnings ratio of 17.16 and a beta of 1.37.
Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $21.71 million for the quarter. Westwood Holdings Group had a net margin of 12.84% and a return on equity of 9.40%.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date is Thursday, September 5th.
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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