Westwood Holdings Group (WHG) Stock Rating Lowered by TheStreet

Westwood Holdings Group (NYSE:WHG) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday.

Shares of Westwood Holdings Group (WHG) opened at $58.50 on Friday. The company has a market cap of $520.18, a P/E ratio of 24.48 and a beta of 1.49. Westwood Holdings Group has a 12-month low of $51.41 and a 12-month high of $71.00.

In other Westwood Holdings Group news, General Counsel Julie Kramer Gerron sold 1,513 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $68.34, for a total value of $103,398.42. Following the completion of the sale, the general counsel now owns 28,131 shares in the company, valued at approximately $1,922,472.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO Mark Freeman sold 4,500 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.06, for a total transaction of $292,770.00. Following the completion of the sale, the executive now owns 64,250 shares of the company’s stock, valued at approximately $4,180,105. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,013 shares of company stock valued at $800,297. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P raised its holdings in shares of Westwood Holdings Group by 301.3% during the 4th quarter. Martingale Asset Management L P now owns 31,303 shares of the asset manager’s stock valued at $2,073,000 after purchasing an additional 23,503 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Westwood Holdings Group during the 4th quarter valued at $396,000. BlackRock Inc. raised its holdings in shares of Westwood Holdings Group by 2.9% during the 4th quarter. BlackRock Inc. now owns 585,745 shares of the asset manager’s stock valued at $38,782,000 after purchasing an additional 16,621 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Westwood Holdings Group by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 651,398 shares of the asset manager’s stock valued at $43,129,000 after purchasing an additional 12,393 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Westwood Holdings Group by 13.2% during the 4th quarter. First Trust Advisors LP now owns 7,157 shares of the asset manager’s stock valued at $474,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 67.20% of the company’s stock.

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About Westwood Holdings Group

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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