Settian Capital May Push for Operational or Strategic Changes at Westwood Holdings Group Inc (WHG)

Key Summary: On August 4, 2025, Settian Capital (5%) stated that it may engage with management to propose actions aimed at enhancing shareholder value. Since April 2021, JCP Investment Management (initially 10.4%, later 8.8%) has urged the company to explore strategic alternatives, including a sale, to enhance shareholder value. After the Board rejected a $25 per share cash offer from Americana Partners in July 2021, JCP privately questioned this decision in January 2022, citing the stock’s lower trading price and demanding a three-year value creation plan or a formal strategic review. In April 2023, JCP demanded books and records following reports that CEO Brian Casey was exploring a take-private deal, which JCP opposes given the company's low valuation and past rejection of a higher offer.

Market cap: $96 million | Westwood Holdings Group, Inc., through its subsidiaries, manages investment assets and provides services for its clients. 

Settian Capital

On August 4, 2025, Settian Capital (5%) stated that it may engage with management to propose actions aimed at enhancing shareholder value, including operational and/or strategic proposals. Source

JCP Investment Management

On April 29, 2021, JCP Investment Management (10.4%) stated that it intends to communicate with the management, Board and other interested parties, about a broad range of operational and strategic matters, and discuss with such persons a potential sale of the company as a means of enhancing stockholder value. Source

On July 14, 2021, the company announced that it has received an  unsolicited proposal from Americana Partners, LLC to acquire the Company for $25 per share in cash. But the company rejected the offer.

On January 5, 2022, JCP Investment Management (10.4%) stated that it privately wrote to the Board seeking an explanation how the company’s standalone plan represents a better risk-adjusted path forward than $25 per Share in cash. The private letter also called on the Board to release a three-year plan and outline the value creation plan for shareholders, or, alternatively, commence and disclose a robust strategic review process. It stated that on January 5, 2022, the Shares are trading at $16.87, which is nearly 33% less than the $25 per Share cash offer that the Board rejected. Given the company's continued underperformance under the stewardship of the current Board and management team, JCP Investment Management believes that the company should immediately commence a strategic review process, including a possible sale of the company, as a means to maximize stockholder value.  Source

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