Westwood Holdings Group (NYSE:WHG) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Friday, February 9th.
Westwood Holdings Group (WHG) traded down $0.10 during trading on Friday, reaching $57.50. 800 shares of the company’s stock traded hands, compared to its average volume of 28,779. The firm has a market cap of $512.62, a PE ratio of 24.10 and a beta of 1.49. Westwood Holdings Group has a 52-week low of $51.41 and a 52-week high of $71.00.
In other Westwood Holdings Group news, CIO Mark Freeman sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $65.06, for a total transaction of $292,770.00. Following the transaction, the executive now owns 64,250 shares of the company’s stock, valued at approximately $4,180,105. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie Kramer Gerron sold 2,013 shares of Westwood Holdings Group stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $68.41, for a total transaction of $137,709.33. Following the completion of the transaction, the general counsel now directly owns 28,131 shares in the company, valued at approximately $1,924,441.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,013 shares of company stock worth $800,297. 9.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Westwood Holdings Group in the 4th quarter worth approximately $214,000. Millennium Management LLC grew its stake in shares of Westwood Holdings Group by 110.6% in the 4th quarter. Millennium Management LLC now owns 16,426 shares of the asset manager’s stock worth $1,088,000 after purchasing an additional 8,626 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Westwood Holdings Group by 287.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 40,013 shares of the asset manager’s stock worth $2,650,000 after purchasing an additional 29,678 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Westwood Holdings Group in the 4th quarter worth approximately $275,000. Finally, Guggenheim Capital LLC grew its stake in shares of Westwood Holdings Group by 8.0% in the 4th quarter. Guggenheim Capital LLC now owns 15,535 shares of the asset manager’s stock worth $1,030,000 after purchasing an additional 1,151 shares during the last quarter. 67.13% of the stock is currently owned by institutional investors.
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Westwood Holdings Group Company 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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