Wealth Enhancement Advisory Services LLC Buys 13,000 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Wealth Enhancement Advisory Services LLC boosted its stake in Westwood Holdings Group, Inc. (NYSE:WHG) by 87.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,861 shares of the asset manager’s stock after buying an additional 13,000 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Westwood Holdings Group were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Arete Wealth Advisors LLC raised its stake in Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock worth $294,000 after acquiring an additional 2,178 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Westwood Holdings Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after purchasing an additional 1,206 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of Westwood Holdings Group by 131.4% in the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after purchasing an additional 38,996 shares during the last quarter. Garner Asset Management Corp increased its position in shares of Westwood Holdings Group by 85.4% during the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 53,870 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 valued at $2,971,000 after purchasing an additional 5,793 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Price Performance

WHG stock opened at $14.45 on Friday. The business has a fifty day moving average price of $15.30 and a 200 day moving average price of $14.14. Westwood Holdings Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $18.03. The stock has a market capitalization of $133.95 million, a price-to-earnings ratio of 43.79 and a beta of 1.13.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were paid a $0.15 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.15%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 181.82%.

Analyst Upgrades and Downgrades

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

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.