Connor Clark & Lunn Investment Management Ltd. Sells 866 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Westwood Holdings Group, Inc. (NYSE:WHG) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,191 shares of the asset manager’s stock after selling 866 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of Westwood Holdings Group worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Westwood Holdings Group by 5.0% during the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after buying an additional 1,206 shares during the last quarter. North Star Investment Management Corp. increased its holdings in 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 valued at $5,097,000 after purchasing an additional 5,121 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Westwood Holdings Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after purchasing an additional 5,793 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $8,294,000 after purchasing an additional 12,680 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in 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. Institutional investors and hedge funds own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Westwood Holdings Group Trading Down 1.2 %

Shares of NYSE WHG opened at $15.80 on Monday. Westwood Holdings Group, Inc. has a 1-year low of $10.75 and a 1-year high of $18.03. The company has a 50-day moving average of $15.29 and a two-hundred day moving average of $13.51. The company has a market cap of $146.50 million, a PE ratio of 47.88 and a beta of 1.13.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a $0.15 dividend. 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 3.80%. Westwood Holdings Group’s payout ratio 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.