Short Interest in Westwood Holdings Group, Inc. (NYSE:WHG) Decreases By 32.9%

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Westwood Holdings Group, Inc. (NYSE:WHG) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 221,700 shares, a drop of 32.9% from the July 15th total of 330,400 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 70,300 shares, the short-interest ratio is presently 3.2 days.

NYSE WHG traded down $0.56 during trading on Tuesday, hitting $27.92. The stock had a trading volume of 27,117 shares, compared to its average volume of 50,013. The company has a debt-to-equity ratio of 0.06, a quick ratio of 7.56 and a current ratio of 7.56. The stock has a market capitalization of $247.59 million, a price-to-earnings ratio of 15.64 and a beta of 1.37. Westwood Holdings Group has a one year low of $27.57 and a one year high of $58.95. The stock has a 50 day simple moving average of $31.12 and a 200 day simple moving average of $33.40.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 10.32%. The ex-dividend date is Thursday, September 5th.

Separately, ValuEngine raised shares of Westwood Holdings Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Westwood Holdings Group by 25.8% during the fourth quarter. Legal & General Group Plc now owns 1,599 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 328 shares in the last quarter. Quantamental Technologies LLC raised its stake in shares of Westwood Holdings Group by 83.3% during the second quarter. Quantamental Technologies LLC now owns 1,100 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Westwood Holdings Group by 18,171.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,279 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 1,272 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Westwood Holdings Group by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 48,363 shares of the asset manager’s stock valued at $1,703,000 after acquiring an additional 1,380 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Westwood Holdings Group by 57,233.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,720 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 1,717 shares in the last quarter. 63.49% of the stock is owned by institutional investors and hedge funds.

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.

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