Hillsdale Investment Management Inc. Invests $166,000 in Westwood Holdings Group, Inc. (NYSE:WHG)

Hillsdale Investment Management Inc. acquired a new position in Westwood Holdings Group, Inc. (NYSE:WHG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,200 shares of the asset manager’s stock, valued at approximately $166,000. Hillsdale Investment Management Inc. owned about 0.14% of Westwood Holdings Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Westwood Holdings Group by 19.8% during the 4th quarter. Russell Investments Group Ltd. now owns 207,627 shares of the asset manager’s stock valued at $2,610,000 after buying an additional 34,328 shares during the last quarter. Cerity Partners LLC bought a new stake in Westwood Holdings Group during the 4th quarter valued at $258,000. Assenagon Asset Management S.A. bought a new stake in Westwood Holdings Group during the 4th quarter valued at $127,000. North Star Investment Management Corp. increased its position in Westwood Holdings Group by 12.0% during the 4th quarter. North Star Investment Management Corp. now owns 350,317 shares of the asset manager’s stock valued at $4,403,000 after purchasing an additional 37,559 shares during the period. Finally, Repertoire Partners LP purchased a new stake in shares of Westwood Holdings Group in the 3rd quarter worth about $851,000. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Trading Down 0.2 %

NYSE:WHG opened at $12.24 on Wednesday. The company has a 50-day moving average price of $12.59 and a 200-day moving average price of $12.02. Westwood Holdings Group, Inc. has a 12 month low of $8.91 and a 12 month high of $14.20. The stock has a market cap of $113.95 million, a price-to-earnings ratio of 9.00 and a beta of 1.23.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.21 EPS for the quarter. The firm 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.90%. Westwood Holdings Group’s payout ratio is 44.12%.

About Westwood Holdings Group

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.