Renaissance Technologies LLC Cuts Stock Holdings in Westwood Holdings Group, Inc. (NYSE:WHG)

Renaissance Technologies LLC trimmed its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG – Get Rating) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 475,316 shares of the asset manager’s stock after selling 34,800 shares during the period. Renaissance Technologies LLC owned 5.65% of Westwood Holdings Group worth $4,577,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Westwood Holdings Group by 2,187.5% during the second quarter. Captrust Financial Advisors now owns 2,928 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 2,800 shares in the last quarter. UBS Group AG lifted its position in Westwood Holdings Group by 323.2% during the third quarter. UBS Group AG now owns 4,139 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 3,161 shares during the last quarter. State Street Corp lifted its position in Westwood Holdings Group by 6.2% during the first quarter. State Street Corp now owns 29,021 shares of the asset manager’s stock valued at $449,000 after purchasing an additional 1,698 shares during the last quarter. Bank of America Corp DE lifted its position in Westwood Holdings Group by 9.2% during the first quarter. Bank of America Corp DE now owns 63,006 shares of the asset manager’s stock valued at $965,000 after purchasing an additional 5,306 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in Westwood Holdings Group by 2.4% during the third quarter. Gabelli Funds LLC now owns 73,587 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 1,746 shares during the last quarter. 58.86% of the stock is owned by hedge funds and other institutional investors.

Westwood Holdings Group Stock Down 0.4 %

Shares of Westwood Holdings Group stock opened at $13.54 on Monday. The firm’s 50 day moving average price is $12.67 and its 200-day moving average price is $11.48. Westwood Holdings Group, Inc. has a 52-week low of $9.55 and a 52-week high of $16.80. The company has a market cap of $113.87 million, a P/E ratio of -22.95 and a beta of 1.20.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Tuesday, February 28th. Westwood Holdings Group’s payout ratio is currently -101.69%.

Insiders Place Their Bets

In other Westwood Holdings Group news, insider Matthew Lockridge sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $13.91, for a total transaction of $41,730.00. Following the sale, the insider now owns 79,404 shares of the company’s stock, valued at approximately $1,104,509.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

WHG has been the subject of several research reports. StockNews.com initiated coverage on shares of Westwood Holdings Group in a research report on Saturday. They set a “hold” rating for the company. TheStreet lowered shares of Westwood Holdings Group from a “c” rating to a “d+” rating in a report on Thursday, November 17th.

Westwood Holdings Group Profile

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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.