Westwood Holdings Group, Inc. (WHG) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,839 shares of the asset manager’s stock after selling 30,264 shares during the period. Royce & Associates LP’s holdings in Westwood Holdings Group were worth $20,636,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. increased its holdings in shares of Westwood Holdings Group by 11.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 9,807 shares of the asset manager’s stock worth $584,000 after purchasing an additional 1,017 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Westwood Holdings Group by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,415 shares of the asset manager’s stock worth $2,645,000 after purchasing an additional 1,272 shares during the period. First Trust Advisors LP increased its holdings in shares of Westwood Holdings Group by 19.5% during the 2nd quarter. First Trust Advisors LP now owns 9,196 shares of the asset manager’s stock worth $548,000 after purchasing an additional 1,502 shares during the period. SG Americas Securities LLC bought a new position in shares of Westwood Holdings Group during the 2nd quarter worth about $106,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Westwood Holdings Group by 2.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 68,942 shares of the asset manager’s stock worth $3,567,000 after purchasing an additional 1,884 shares during the period. 67.11% of the stock is owned by hedge funds and other institutional investors.

NYSE:WHG opened at $39.22 on Monday. Westwood Holdings Group, Inc. has a 52-week low of $38.69 and a 52-week high of $70.71. The stock has a market cap of $353.70 million, a PE ratio of 12.73 and a beta of 1.46.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be issued a dividend of $0.72 per share. This is an increase from Westwood Holdings Group’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, December 6th. This represents a $2.88 annualized dividend and a dividend yield of 7.34%.

Several research analysts have recently issued reports on WHG shares. TheStreet downgraded shares of Westwood Holdings Group from a “b-” rating to a “c+” rating in a report on Friday, October 19th. ValuEngine downgraded shares of Westwood Holdings Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th.

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Westwood Holdings Group Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Want to see what other hedge funds are holding WHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westwood Holdings Group, Inc. (NYSE:WHG).

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

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