King Luther Capital Management Corp Lowers Holdings in Westwood Holdings Group, Inc. (NYSE:WHG)

King Luther Capital Management Corp decreased its holdings in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,990 shares of the asset manager’s stock after selling 53,750 shares during the quarter. King Luther Capital Management Corp owned about 2.00% of Westwood Holdings Group worth $2,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after purchasing an additional 1,206 shares during the last quarter. Garner Asset Management Corp lifted its position in shares of Westwood Holdings Group by 4.4% during the 1st quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after purchasing an additional 2,672 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Westwood Holdings Group by 1.4% during the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after acquiring an additional 5,121 shares in the last quarter. Gabelli Funds LLC increased its stake in Westwood Holdings Group by 5.2% in the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 5,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Westwood Holdings Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock worth $2,971,000 after purchasing an additional 5,793 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

WHG opened at $16.28 on Friday. Westwood Holdings Group, Inc. has a one year low of $10.75 and a one year high of $18.03. The stock has a market capitalization of $150.95 million, a P/E ratio of 49.30 and a beta of 1.13. The business’s 50-day simple moving average is $14.92 and its 200-day simple moving average is $13.32.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.69%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is 181.82%.

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.