Westwood Holdings Group (NYSE:WHG) Issues Quarterly Earnings Results

Westwood Holdings Group (NYSE:WHG) issued its earnings results on Wednesday. The asset manager reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%. The business had revenue of $22.73 million during the quarter.

Westwood Holdings Group Stock Down 0.7 %

Shares of WHG traded down $0.09 during midday trading on Thursday, reaching $12.50. The company had a trading volume of 15,523 shares, compared to its average volume of 11,339. Westwood Holdings Group has a 1-year low of $8.91 and a 1-year high of $14.20. The stock has a market cap of $116.63 million, a PE ratio of 10.68 and a beta of 1.23. The firm has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $11.72.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Thursday, February 29th. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 50.85%.

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.