Dimensional Fund Advisors LP raised its holdings in Westwood Holdings Group, Inc. (NYSE:WHG) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,175 shares of the asset manager’s stock after acquiring an additional 15,964 shares during the period. Dimensional Fund Advisors LP owned approximately 3.43% of Westwood Holdings Group worth $20,462,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in WHG. Russell Investments Group Ltd. raised its holdings in shares of Westwood Holdings Group by 12.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 410 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at about $246,000. Bessemer Group Inc. purchased a new stake in shares of Westwood Holdings Group in the 3rd quarter valued at about $262,000. Nationwide Fund Advisors raised its holdings in shares of Westwood Holdings Group by 2.1% in the 2nd quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock valued at $263,000 after acquiring an additional 95 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Westwood Holdings Group by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 486 shares in the last quarter. 67.20% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet cut Westwood Holdings Group from a “b” rating to a “c+” rating in a report on Friday, February 9th.
In other news, CIO Mark Freeman sold 4,500 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.06, for a total value of $292,770.00. Following the sale, the executive now directly owns 64,250 shares in the company, valued at approximately $4,180,105. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie Kramer Gerron sold 2,987 shares of Westwood Holdings Group stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $66.99, for a total value of $200,099.13. Following the completion of the sale, the general counsel now owns 31,631 shares in the company, valued at $2,118,960.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,013 shares of company stock worth $800,297. 9.60% of the stock is currently owned by insiders.
Shares of Westwood Holdings Group, Inc. (NYSE:WHG) traded up $0.25 during midday trading on Wednesday, hitting $57.64. The company had a trading volume of 42,007 shares, compared to its average volume of 28,562. The stock has a market cap of $520.63, a PE ratio of 21.75 and a beta of 1.49. Westwood Holdings Group, Inc. has a 52 week low of $51.41 and a 52 week high of $71.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a dividend of $0.68 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.72%. Westwood Holdings Group’s dividend payout ratio is 113.81%.
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Westwood Holdings Group Profile
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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