Dimensional Fund Advisors LP Purchases 5,793 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,897 shares of the asset manager’s stock after purchasing an additional 5,793 shares during the quarter. Dimensional Fund Advisors LP owned 2.63% of Westwood Holdings Group worth $2,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WHG. Empowered Funds LLC grew its holdings in shares of Westwood Holdings Group by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after acquiring an additional 1,575 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Westwood Holdings Group by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock valued at $2,985,000 after buying an additional 34,697 shares during the period. SpiderRock Advisors LLC acquired a new stake in Westwood Holdings Group during the 1st quarter valued at $144,000. Gamco Investors INC. ET AL raised its position in shares of Westwood Holdings Group by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock valued at $5,643,000 after purchasing an additional 9,500 shares during the period. Finally, Prosperity Consulting Group LLC bought a new stake in shares of Westwood Holdings Group during the 1st quarter worth about $537,000. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Stock Performance

Shares of WHG opened at $14.95 on Friday. The stock has a market capitalization of $139.23 million, a price-to-earnings ratio of 10.80 and a beta of 1.15. Westwood Holdings Group, Inc. has a 52 week low of $8.91 and a 52 week high of $15.19. The stock has a fifty day moving average of $13.06 and a 200-day moving average of $12.73.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) EPS for the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%. The company had revenue of $22.69 million during the quarter.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd were issued a $0.15 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 4.01%. Westwood Holdings Group’s payout ratio is currently 44.12%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Westwood Holdings Group in a report on Saturday, October 5th. They issued a “buy” rating for the company.

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.