Gamco Investors INC. ET AL Increases Stock Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Gamco Investors INC. ET AL raised its position in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 458,000 shares of the asset manager’s stock after buying an additional 9,500 shares during the period. Gamco Investors INC. ET AL owned about 4.92% of Westwood Holdings Group worth $5,643,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WHG. Russell Investments Group Ltd. raised its holdings in Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 34,697 shares in the last quarter. Empowered Funds LLC increased its stake in Westwood Holdings Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after purchasing an additional 1,575 shares in the last quarter. Prosperity Consulting Group LLC bought a new stake in Westwood Holdings Group during the 1st quarter valued at about $537,000. North Star Investment Management Corp. increased its stake in Westwood Holdings Group by 1.0% during the 1st quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock valued at $4,359,000 after purchasing an additional 3,520 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in Westwood Holdings Group during the 1st quarter valued at about $144,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Trading Up 0.3 %

NYSE:WHG traded up $0.04 on Friday, reaching $13.37. 11,020 shares of the stock traded hands, compared to its average volume of 5,483. The company has a market capitalization of $124.47 million, a price-to-earnings ratio of 9.83 and a beta of 1.17. Westwood Holdings Group, Inc. has a 12 month low of $8.91 and a 12 month high of $13.63. The company’s fifty day simple moving average is $12.41 and its 200 day simple moving average is $12.33.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.21 earnings per share for the quarter. The business had revenue of $22.73 million during the quarter. Westwood Holdings Group had a net margin of 13.39% and a return on equity of 12.53%.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Monday, June 3rd. Westwood Holdings Group’s payout ratio is presently 44.12%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Westwood Holdings Group in a research note on Thursday. They set a “strong-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.