Company shares are trading at $68.27 a tad above the 50 day moving average which is $64.66 and quite a bit above the 200 day moving average of $58.86. The 50 day moving average was up by +5.59% and the 200 day average moved up $9.41. 1,310 shares changed hands on Tuesday. Trading volume was down 94.60% under the stocks average daily volume.
Traders are feeling more bullish on Westwood Holdings Group Inc of late at least if you consider the downtick in short interest. The firm experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -27.46%. Short interest decreased 38,039 over that timeframe. With short interest at 100,465 and short average daily volume at 31,878, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 29.
A few notable investment firms have updated their holdings. Ubs Group Ag augmented its investment by buying 3,211 shares an increase of 334.8% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 4,170 shares worth $236,000. The value of the position overall is up by 362.7%. As of quarter end Stanley-laman Group, Ltd. had sold 228 shares trimming its holdings by 2.7%. The value of the investment in (WHG) increased from $446,000 to $460,000 increasing 3.1% quarter to quarter.
North Star Investment Management Corp. added to its ownership by buying 445 shares an increase of 0.9%. North Star Investment Management Corp. controls 52,076 shares with a value of $3,503,000. The total value of its holdings increased 19.7%. Conestoga Capital Advisors, LLC expanded its stake by buying 69,370 shares an increase of 12.4% in the quarter. Conestoga Capital Advisors, LLC now holds 626,856 shares valued at $42,169,000. The total value of its holdings increased 33.4%.
The company is trading unchanged by % percent from yesterday’s close. The company also announced a dividend paid on Monday the 2nd of October 2017. The dividend payment was $0.620 per share for the quarter or $2.48 annualized. This dividend represents a yield of $3.59 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 7th of September 2017.
The company currently has a P/E ratio of 21.35 and the market value is 558.99M.
Westwood Holdings Group, Inc. (Westwood), launched on December 12, 2001, is a holding company. The Company, through its subsidiaries, manages investment assets and provides services for its clients. The Company operates through two segments: Advisory and Trust. The Business’s subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc. (Westwood International) and Westwood Trust..