SCHEDULE 13G/A: Investment Adviser DePrince, Race & Zollo Discloses 3.76% Stake in Westwood Holdings Group

DePrince, Race & Zollo, Inc. has disclosed a 3.76% beneficial ownership stake in Westwood Holdings Group, Inc., holding 348,907 shares of common stock as of January 21, 2025.

Summary

• DePrince, Race & Zollo, Inc. (the "Reporting Person") has filed an Amendment No. 4 to Schedule 13G, disclosing its beneficial ownership in Westwood Holdings Group, Inc.
• As of January 21, 2025, the Reporting Person beneficially owns an aggregate of 348,907 shares of Common Stock of Westwood Holdings Group, Inc.
• This ownership represents 3.76% of the class of securities.
• The Reporting Person holds sole voting power over 277,364 shares and sole dispositive power over 348,907 shares.
• DePrince, Race & Zollo, Inc. is classified as an Investment Adviser (IA).
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual ownership disclosure (Schedule 13G) and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of an institutional holding by an investment adviser like DePrince, Race & Zollo, Inc. can signal institutional confidence in Westwood Holdings Group, Inc.
• The filing indicates a passive investment, as the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, which can be viewed positively by management and other shareholders seeking stability.

Negatives

• The holding of 3.76% is below the 5% threshold, indicating a passive investment without intent to influence control, which may limit the reporting person's direct impact on the issuer's strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of institutional ownership by an investment adviser in a publicly traded asset management firm. It reflects a standard investment position within the financial services sector, indicating a passive stake rather than an activist one.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, confirming a passive investment by DePrince, Race & Zollo, Inc.

Key Dates

Keywords

Westwood Holdings Group, DePrince Race & Zollo, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing