Connor Clark & Lunn Investment Management Ltd. Has $202,000 Stake in Westwood Holdings Group, Inc. (NYSE:WHG)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Westwood Holdings Group, Inc. (NYSE:WHG) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,191 shares of the asset manager’s stock after selling 866 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Westwood Holdings Group were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock valued at $357,000 after acquiring an additional 1,206 shares during the last quarter. Garner Asset Management Corp grew its stake in shares of Westwood Holdings Group by 85.4% during the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 53,870 shares during the period. Dimensional Fund Advisors LP increased its holdings in Westwood Holdings Group by 2.4% in the second 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. North Star Investment Management Corp. lifted its stake in Westwood Holdings Group by 1.4% in the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after buying an additional 5,121 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock worth $5,595,000 after buying an additional 13,012 shares during the last quarter. 56.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Westwood Holdings Group Stock Performance

WHG opened at $15.80 on Monday. The firm’s fifty day moving average is $15.29 and its two-hundred day moving average is $13.51. The firm has a market cap of $146.50 million, a PE ratio of 47.88 and a beta of 1.13. Westwood Holdings Group, Inc. has a twelve month low of $10.75 and a twelve month high of $18.03.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 3.80%. Westwood Holdings Group’s dividend payout ratio is presently 181.82%.

About Westwood Holdings Group

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.