Deprince Race & Zollo Inc. Cuts Stock Holdings in Westwood Holdings Group, Inc. (NYSE:WHG)

Deprince Race & Zollo Inc. reduced its position in Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) by 28.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 327,929 shares of the asset manager's stock after selling 129,334 shares during the period. Deprince Race & Zollo Inc. owned 3.54% of Westwood Holdings Group worth $4,758,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Westwood Holdings Group by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock valued at $8,741,000 after buying an additional 1,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Westwood Holdings Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager's stock worth $3,755,000 after purchasing an additional 9,992 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Westwood Holdings Group in the 4th quarter worth approximately $2,533,000. Garner Asset Management Corp boosted its stake in Westwood Holdings Group by 11.4% in the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock worth $2,012,000 after purchasing an additional 14,427 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Westwood Holdings Group by 1.0% in the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock worth $883,000 after purchasing an additional 616 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Stock Performance

WHG stock traded down $0.28 during trading on Monday, reaching $15.07. The company had a trading volume of 18,554 shares, compared to its average volume of 13,852. The firm has a 50-day simple moving average of $15.88 and a 200-day simple moving average of $15.62. The company has a market cap of $141.36 million, a price-to-earnings ratio of 60.28 and a beta of 0.83. Westwood Holdings Group, Inc. has a twelve month low of $11.11 and a twelve month high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%. The business had revenue of $23.25 million during the quarter.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, June 2nd. Westwood Holdings Group's payout ratio is 2,000.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

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.