Empowered Funds LLC Acquires 1,353 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Empowered Funds LLC grew its holdings in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,460 shares of the asset manager’s stock after purchasing an additional 1,353 shares during the period. Empowered Funds LLC owned about 0.29% of Westwood Holdings Group worth $384,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. De Lisle Partners LLP grew its position in Westwood Holdings Group by 131.4% during the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after buying an additional 38,996 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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 acquiring an additional 13,000 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Westwood Holdings Group by 2.2% during the 3rd 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. Garner Asset Management Corp grew its holdings in shares of Westwood Holdings Group by 8.0% during the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock worth $1,794,000 after purchasing an additional 9,389 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position in shares of Westwood Holdings Group by 1.4% in the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after purchasing an additional 5,121 shares during the period. 56.64% of the stock is owned by institutional investors.

Westwood Holdings Group Trading Up 1.8 %

Shares of Westwood Holdings Group stock opened at $17.10 on Thursday. The company has a market cap of $158.52 million, a PE ratio of 68.40 and a beta of 1.13. The company has a 50 day moving average of $15.25 and a 200-day moving average of $14.65. Westwood Holdings Group, Inc. has a 1-year low of $11.01 and a 1-year high of $18.03.

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

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 240.00%.

Wall Street Analysts Forecast Growth

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

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.