Deprince Race & Zollo Inc. Sells 2,417 Shares of Westwood Holdings Group Inc (WHG)

Deprince Race & Zollo Inc. decreased its position in Westwood Holdings Group Inc (NYSE:WHG) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,887 shares of the asset manager’s stock after selling 2,417 shares during the period. Deprince Race & Zollo Inc. owned 1.12% of Westwood Holdings Group worth $6,719,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Westwood Holdings Group by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 635,909 shares of the asset manager’s stock valued at $36,054,000 after buying an additional 6,983 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in Westwood Holdings Group by 12.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 626,856 shares of the asset manager’s stock valued at $42,169,000 after buying an additional 69,370 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Westwood Holdings Group by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 334,924 shares of the asset manager’s stock worth $18,988,000 after purchasing an additional 19,756 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Westwood Holdings Group by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 288,211 shares of the asset manager’s stock worth $16,339,000 after purchasing an additional 13,297 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter worth approximately $7,551,000. Hedge funds and other institutional investors own 65.78% of the company’s stock.

Shares of Westwood Holdings Group Inc (WHG) traded down $0.17 during mid-day trading on Friday, hitting $64.81. 16,464 shares of the stock traded hands, compared to its average volume of 30,197. The stock has a market cap of $572.00, a price-to-earnings ratio of 19.65 and a beta of 1.53. Westwood Holdings Group Inc has a 12 month low of $51.41 and a 12 month high of $71.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from Westwood Holdings Group’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 4.20%. Westwood Holdings Group’s dividend payout ratio (DPR) is 82.94%.

In related news, Vice Chairman Susan M. Byrne sold 2,301 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $62.01, for a total value of $142,685.01. Following the completion of the transaction, the insider now directly owns 269,552 shares of the company’s stock, valued at approximately $16,714,919.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Susan M. Byrne sold 6,141 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $62.09, for a total transaction of $381,294.69. Following the completion of the transaction, the insider now directly owns 269,552 shares of the company’s stock, valued at $16,736,483.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,807 shares of company stock valued at $2,576,162. 9.60% of the stock is owned by insiders.

Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Monday, August 14th.

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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.

Institutional Ownership by Quarter for Westwood Holdings Group (NYSE:WHG)

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