TheStreet downgraded shares of Westwood Holdings Group (NYSE:WHG) from a b rating to a c+ rating in a report released on Friday.

Westwood Holdings Group (NYSE WHG) opened at $58.50 on Friday. Westwood Holdings Group has a 52 week low of $51.41 and a 52 week high of $71.00. The stock has a market capitalization of $520.18, a P/E ratio of 21.73 and a beta of 1.49.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, March 8th. Westwood Holdings Group’s dividend payout ratio is currently 113.81%.

In related news, CIO Mark Freeman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.06, for a total value of $292,770.00. Following the sale, the executive now directly owns 64,250 shares in the company, valued at $4,180,105. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie Kramer Gerron sold 2,987 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $66.99, for a total value of $200,099.13. Following the completion of the sale, the general counsel now owns 31,631 shares in the company, valued at $2,118,960.69. The disclosure for this sale can be found here. Insiders sold 12,013 shares of company stock valued at $800,297 in the last ninety days. 9.60% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Westwood Holdings Group in the fourth quarter valued at approximately $128,000. Thrivent Financial For Lutherans bought a new stake in Westwood Holdings Group in the second quarter valued at approximately $246,000. Bessemer Group Inc. bought a new stake in Westwood Holdings Group in the third quarter valued at approximately $262,000. Nationwide Fund Advisors boosted its holdings in Westwood Holdings Group by 2.1% in the second quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock valued at $263,000 after acquiring an additional 95 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Westwood Holdings Group by 9.3% in the second quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 486 shares during the last quarter. Institutional investors and hedge funds own 67.20% of the company’s stock.

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Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.

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