Westwood Holdings Group
WHG on NYSE. Westwood Holdings Group sells investment products to people and institutions in the U.S. and abroad. Market value $180m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 6 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.43.
Profit per $100 you pay: $4.37.
Quality score: 39 of 100. Price score: 66 of 100. Our list needs 70 on quality and 60 on price.
$19.01 a share, 29% above its 1-year low
Over the past year the price has ranged from $14.70 to $20.97.
Dividend: 3.0% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $73m | $69m | $90m | $95m | $98m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 8.5% a year
- Buying back its own sharesNo, 13% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $25 million last quarter, up 10% on a year ago.
- Profit: $2 million, up 48% on a year ago.
- Spare cash over the past 12 months: $19 million, up from $12 million.
- 3% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $15m |
| December 2024 | $20m |
| March 2025 | $23m |
| June 2025 | $23m |
| September 2025 | $24m |
| December 2025 | $27m |
| March 2026 | $25m |
| June 2026 | $25m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$1m |
| December 2024 | -$3m |
| March 2025 | $477,000 |
| June 2025 | $1m |
| September 2025 | $4m |
| December 2025 | $2m |
| March 2026 | $782,000 |
| June 2026 | $2m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 4 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 71 funds in all.
- GAMCO InvestorsMario Gabelli
- Value
- $9m
- Share of fund
- <0.1%
- Aegis FinancialScott Barbee
- Value
- $2m
- Share of fund
- 0.3%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GAMCO InvestorsMario Gabelli | $9m | <0.1% | |
| Aegis FinancialScott Barbee | $2m | 0.3% |
Largest holders overall
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor5.1%Since 30 September 2025
- Settian Capital LPPassive investorat least 5.0%(filed with 2 related holders)Since 30 July 2025
What they said
The Reporting Persons purchased the shares of Common Stock based on their belief that at current market prices, the shares represent an attractive investment opportunity. Depending upon their assessment of the Issuer's businesses and prospects, overall market conditions, other…
Read the filing - GAMCO InvestorsPassive investorat least 4.7%0.0 pts(filed with 6 related holders)Since 11 August 2026
What they said
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the…
Read the filing - DePrince, Race & Zollo, Inc.Passive investorSold down below 5%Since 12 January 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 5.1% | 30 September 2025 | |
Settian Capital LP Passive investor | at least 5.0% (filed with 2 related holders) | 30 July 2025 | What they saidThe Reporting Persons purchased the shares of Common Stock based on their belief that at current market prices, the shares represent an attractive investment opportunity. Depending upon their assessment of the Issuer's businesses and prospects, overall market conditions, other… Read the filing |
GAMCO Investors Passive investor | at least 4.7%0.0 pts (filed with 6 related holders) | 11 August 2026 | What they saidThe Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the… Read the filing |
DePrince, Race & Zollo, Inc. Passive investor | Sold down below 5% | 12 January 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $224,207.
- CASEY BRIAN OCEO, DirectorSold
- Date
- 10 December 2025
- Shares
- 8,341
- Price
- $16.55
- Value
- $138,044
- CASEY BRIAN OCEO, DirectorSold
- Date
- 9 December 2025
- Shares
- 1,764
- Price
- $16.41
- Value
- $28,947
- CASEY BRIAN OCEO, DirectorSold
- Date
- 8 December 2025
- Shares
- 1,602
- Price
- $16.45
- Value
- $26,353
- CASEY BRIAN OCEO, DirectorSold
- Date
- 5 December 2025
- Shares
- 1,351
- Price
- $16.44
- Value
- $22,210
- CASEY BRIAN OCEO, DirectorSold
- Date
- 28 November 2025
- Shares
- 99
- Price
- $17.00
- Value
- $1,683
- CASEY BRIAN OCEO, DirectorSold
- Date
- 26 November 2025
- Shares
- 40
- Price
- $17.00
- Value
- $680
- CASEY BRIAN OCEO, DirectorSold
- Date
- 10 November 2025
- Shares
- 370
- Price
- $17.00
- Value
- $6,290
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 10 December 2025 | CASEY BRIAN O CEO, Director | Sold | 8,341 | $16.55 | $138,044 |
| 9 December 2025 | CASEY BRIAN O CEO, Director | Sold | 1,764 | $16.41 | $28,947 |
| 8 December 2025 | CASEY BRIAN O CEO, Director | Sold | 1,602 | $16.45 | $26,353 |
| 5 December 2025 | CASEY BRIAN O CEO, Director | Sold | 1,351 | $16.44 | $22,210 |
| 28 November 2025 | CASEY BRIAN O CEO, Director | Sold | 99 | $17.00 | $1,683 |
| 26 November 2025 | CASEY BRIAN O CEO, Director | Sold | 40 | $17.00 | $680 |
| 10 November 2025 | CASEY BRIAN O CEO, Director | Sold | 370 | $17.00 | $6,290 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.