Allspring Global Investments Holdings LLC Purchases 1,465 Shares of Westwood Holdings Group Inc $WHG

Allspring Global Investments Holdings LLC lifted its position in Westwood Holdings Group Inc (NYSE:WHG) by 0.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 588,720 shares of the asset manager’s stock after buying an additional 1,465 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Westwood Holdings Group worth $9,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Westwood Holdings Group during the first quarter worth about $366,000. Goldman Sachs Group Inc. bought a new stake in Westwood Holdings Group during the 1st quarter worth approximately $213,000. Gamco Investors INC. ET AL raised its holdings in Westwood Holdings Group by 1.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager’s stock worth $7,342,000 after buying an additional 6,480 shares during the period. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 4.0% in the first quarter. Garner Asset Management Corp now owns 146,408 shares of the asset manager’s stock valued at $2,372,000 after buying an additional 5,655 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Westwood Holdings Group by 1.5% in the second quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager’s stock valued at $5,732,000 after buying an additional 5,446 shares during the period. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock opened at $16.42 on Friday. The company has a market cap of $154.51 million, a price-to-earnings ratio of 39.10 and a beta of 0.98. The firm has a 50-day moving average of $17.23 and a 200-day moving average of $16.43. Westwood Holdings Group Inc has a one year low of $13.49 and a one year high of $18.97.

Westwood Holdings Group (NYSE:WHG) last released its earnings results on Friday, August 8th. The asset manager reported $0.22 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.The business had revenue of $23.12 million for the quarter.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 142.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WHG. Weiss Ratings raised shares of Westwood Holdings Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Insiders Place Their Bets

In other Westwood Holdings Group news, CEO Brian O. Casey sold 6,750 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $18.00, for a total transaction of $121,500.00. Following the sale, the chief executive officer directly owned 505,926 shares of the company’s stock, valued at approximately $9,106,668. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.

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.