Empowered Funds LLC Purchases 1,206 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Empowered Funds LLC grew its position in Westwood Holdings Group, Inc. (NYSE:WHG) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,107 shares of the asset manager’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC owned approximately 0.27% of Westwood Holdings Group worth $357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after acquiring an additional 53,870 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Westwood Holdings Group by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after purchasing an additional 12,680 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Westwood Holdings Group by 2.9% in the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock worth $5,595,000 after purchasing an additional 13,012 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 during the last quarter. Finally, North Star Investment Management Corp. grew its position in Westwood Holdings Group by 1.4% in the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after purchasing an additional 5,121 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

Westwood Holdings Group Stock Down 3.5 %

WHG stock opened at $15.70 on Tuesday. The company has a market cap of $145.54 million, a price-to-earnings ratio of 47.58 and a beta of 1.13. Westwood Holdings Group, Inc. has a twelve month low of $10.75 and a twelve month high of $18.03. The business has a 50 day moving average price of $15.05 and a two-hundred day moving average price of $13.40.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 3.82%. Westwood Holdings Group’s payout ratio is 181.82%.

Analyst Upgrades and Downgrades

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

About Westwood Holdings Group

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.