Hendershot Investments Inc. Grows Position in Westwood Holdings Group Inc (WHG)

Hendershot Investments Inc. lifted its stake in Westwood Holdings Group Inc (NYSE:WHG) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,806 shares of the asset manager’s stock after buying an additional 1,020 shares during the period. Westwood Holdings Group comprises 1.8% of Hendershot Investments Inc.’s portfolio, making the stock its 22nd biggest holding. Hendershot Investments Inc. owned approximately 0.78% of Westwood Holdings Group worth $4,292,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of Westwood Holdings Group by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after buying an additional 410 shares during the period. Thrivent Financial For Lutherans bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $246,000. Nationwide Fund Advisors lifted its stake in shares of Westwood Holdings Group by 2.1% in the second quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock valued at $263,000 after buying an additional 95 shares during the period. Cigna Investments Inc. New bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $278,000. Finally, Voya Investment Management LLC lifted its stake in shares of Westwood Holdings Group by 9.3% in the second quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock valued at $325,000 after buying an additional 486 shares during the period. Institutional investors and hedge funds own 65.78% of the company’s stock.

Westwood Holdings Group Inc (WHG) traded up $0.26 during midday trading on Friday, hitting $64.48. 17,453 shares of the company traded hands, compared to its average volume of 33,662. Westwood Holdings Group Inc has a twelve month low of $50.48 and a twelve month high of $71.00. The company has a market capitalization of $572.87, a PE ratio of 19.66 and a beta of 1.53.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.68 dividend. This is a positive change from Westwood Holdings Group’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, December 7th. Westwood Holdings Group’s dividend payout ratio (DPR) is 83.50%.

In other news, Vice Chairman Susan M. Byrne sold 7,265 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $64.01, for a total value of $465,032.65. Following the completion of the transaction, the insider now directly owns 265,593 shares in the company, valued at $17,000,607.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Susan M. Byrne sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $62.06, for a total transaction of $620,600.00. Following the completion of the transaction, the insider now owns 269,552 shares of the company’s stock, valued at $16,728,397.12. The disclosure for this sale can be found here. Insiders sold 47,307 shares of company stock valued at $2,966,162 over the last 90 days. 9.60% of the stock is owned by company 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.

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

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