Gamco Investors INC. ET AL Invests $7.64 Million in Westwood Holdings Group Inc $WHG

Gamco Investors INC. ET AL acquired a new position in Westwood Holdings Group Inc (NYSE:WHG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 443,800 shares of the asset manager’s stock, valued at approximately $7,638,000.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group during the second quarter valued at approximately $63,000. Raymond James Financial Inc. purchased a new position in shares of Westwood Holdings Group in the second quarter worth $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group in the second quarter worth $98,000. JPMorgan Chase & Co. raised its stake in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group during the first quarter valued at $213,000. 56.64% of the stock is currently owned by institutional investors.

Insider Activity at Westwood Holdings Group

In other news, President Fabian Gomez sold 6,223 shares of Westwood Holdings Group stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $16.22, for a total value of $100,937.06. Following the transaction, the president directly owned 122,573 shares in the company, valued at approximately $1,988,134.06. This trade represents a 4.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Lockridge sold 5,379 shares of Westwood Holdings Group stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total value of $87,247.38. Following the completion of the transaction, the insider owned 77,900 shares in the company, valued at $1,263,538. This represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,071 shares of company stock worth $1,057,817 over the last three months. Corporate insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Westwood Holdings Group Stock Performance

Shares of NYSE WHG opened at $15.93 on Wednesday. The business’s 50 day moving average price is $16.16 and its 200-day moving average price is $16.87. Westwood Holdings Group Inc has a fifty-two week low of $14.51 and a fifty-two week high of $18.99. The company has a market cap of $151.18 million, a price-to-earnings ratio of 19.19 and a beta of 0.62.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

About Westwood Holdings Group

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.