Deprince Race & Zollo Inc. Has $4.76 Million Stake in Westwood Holdings Group, Inc. (NYSE:WHG)

Deprince Race & Zollo Inc. reduced its position in Westwood Holdings Group, Inc. (NYSE:WHG) by 28.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,929 shares of the asset manager’s stock after selling 129,334 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Westwood Holdings Group were worth $4,758,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Westwood Holdings Group by 180.7% in the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock valued at $44,000 after buying an additional 1,966 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Westwood Holdings Group in the fourth quarter worth about $160,000. 683 Capital Management LLC bought a new position in Westwood Holdings Group during the fourth quarter worth about $322,000. Ancora Advisors LLC acquired a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $348,000. Finally, Empowered Funds LLC boosted its holdings in Westwood Holdings Group by 5.4% during the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager’s stock valued at $384,000 after purchasing an additional 1,353 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Stock Down 1.1 %

Shares of Westwood Holdings Group stock opened at $15.45 on Friday. Westwood Holdings Group, Inc. has a 12-month low of $11.11 and a 12-month high of $18.03. The stock has a market capitalization of $144.87 million, a P/E ratio of 61.78 and a beta of 0.83. The company has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $15.62.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $23.25 million during the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Monday, June 2nd. Westwood Holdings Group’s payout ratio is presently 2,000.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Westwood Holdings Group from a “buy” rating to a “hold” rating in a research note on Monday.

Westwood Holdings Group Company 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.