Hoak Group Amends Westwood Holdings Stake

TL;DR

Hoak Group updated their Westwood Holdings stake filing on 11/7.

AI Summary

Hoak Public Equities, L.P. and its group members, including J. Hale Hoak and James M. Hoak, Jr., have amended their Schedule 13D filing regarding Westwood Holdings Group, Inc. as of November 7, 2024. The filing indicates a change in their beneficial ownership, though specific share counts and dollar amounts are not detailed in this excerpt.

Why It Matters

This amendment signals a potential shift in control or strategy for Westwood Holdings Group, Inc., which could impact its stock price and future operations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Hoak Public Equities, L.P. (company) — Filing entity
• Westwood Holdings Group, Inc. (company) — Subject company
• J. Hale Hoak (person) — Group member
• James M. Hoak, Jr. (person) — Group member
• HOAK & CO. (company) — Group member
• HOAK FUND MANAGEMENT, L.P. (company) — Group member

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $8,396,799.72 — the purchase of Common Stock by HPE was $8,396,799.72 ( including costs of commissions and ex
• $878,712.99 — J. Hale Hoak Child’s Trust), was $878,712.99 ( including costs of commissions and ex
• $12.51 — ities, L.P. 9/9/2024 Purchase 1,005 $12.51 Hoak Public Equities, L.P. 9/9/2024
• $12.58 — quities, L.P. 9/9/2024 Purchase 125 $12.58 Hoak Public Equities, L.P. 9/10/2024
• $12.52 — uities, L.P. 9/10/2024 Purchase 440 $12.52 Hoak Public Equities, L.P. 9/11/2024
• $12.47 — ties, L.P. 9/11/2024 Purchase 2,476 $12.47 J. Hale Hoak 9/12/2024 Purchase 14
• $12.55 — Hale Hoak 9/12/2024 Purchase 14,086 $12.55 Hoak Public Equities, L.P. 9/12/2024
• $12.49 — quities, L.P. 9/12/2024 Sell 15,000 $12.49 J. Hale Hoak 9/16/2024 Purchase 2,
• $12.53 — Hale Hoak 9/16/2024 Purchase 2,000 $12.53 J. Hale Hoak 9/16/2024 Purchase 2,
• $14.80 — ties, L.P. 11/1/2024 Purchase 1,484 $14.80 Hoak Public Equities, L.P. 11/4/2024
• $14.03 — uities, L.P. 11/4/2024 Purchase 349 $14.03 Hoak Public Equities, L.P. 11/5/2024
• $14.55 — ies, L.P. 11/5/2024 Purchase 40,769 $14.55

Filing Documents

• hoak-sc13da_110724.htm (SC 13D/A) — 101KB
• ex99-1.htm (EX-99.1) — 10KB
• 0001999371-24-014366.txt ( ) — 113KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is hereby amended and restated

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The total amount of funds used for the purchase of Common Stock by HPE was $8,396,799.72 ( including costs of commissions and expenses). All of the shares of Common Stock beneficially owned by HPE were paid for using working capital of HPE. Hoak Management, Hoak & Co. and James M. Hoak, Jr., do not directly hold any Common Stock but may be deemed to beneficially own the Common Stock owned by HPE. J. Hale Hoak may also be deemed to beneficially own the Common Stock owned by HPE. The total amount of funds used for the purchase of the remaining Common Stock reported by J. Hale Hoak (of which 25,000 shares are held in J. Hale Hoak Child’s Trust), was $878,712.99 ( including costs of commissions and expenses), such shares being paid for using personal funds.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended by amending

Item 5 of the Schedule 13D is hereby amended by amending and replacing in their entirety each of Items 5(a) and 5(c) as follows: (a) As of the date of this Schedule 13D, based upon 9,271,573 shares of Common Stock of the Issuer outstanding as of October 24, 2024 as disclosed on the Issuer’s Form 10-Q filed with the SEC on October 30, 2024: i. HPE directly owns an aggregate of 744,353 shares of Common Stock, representing approximately 8.0% of the outstanding Common Stock. ii. Hoak Management, in its capacity as HPE’s general partner, may be deemed to beneficially own an aggregate of 744,353 shares of Common Stock, representing approximately 8.0% of the outstanding Common Stock. iii. Hoak and Co., in its capacity as the general partner of Hoak Management, may be deemed to beneficially own an aggregate of 744,353 shares of Common Stock, representing approximately 8.0% of the outstanding Common Stock. iv. James M. Hoak, Jr., in his capacity as Hoak & Co.’s controlling shareholder and Chairman, may be deemed to beneficially own 744,353 shares of Common Stock, representing approximately 8.0% of the outstanding Common Stock. v. J. Hale Hoak (1) owns an aggregate of 74,300 shares of Common Stock (of which 25,000 shares are held in J. Hale Hoak Child’s Trust) and (2) in his capacity as Hoak & Co.’s President may be deemed to beneficially own an aggregate of 744,353 shares of Common Stock, for an aggregate of 818,653 shares of Common Stock representing approximately 8.8% of the outstanding Common Stock. (c) Schedule A hereto sets forth all transactions in the Common Stock within the past 60 days by any Reporting Person. Except for the transactions set forth on Schedule A, none of the Reporting Persons effected any transaction in the Common Stock during the past 60 days.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits 99.1 Joint Filing Agreement dated November 7, 2024, by and among Hoak Public Equities, L.P., Hoak Fund Management, L.P., Hoak & Co., James M. Hoak, Jr., and J. Hale Hoak

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 7, 2024 Hoak Public Equities, L.P. Hoak Fund Management, L.P. By: Hoak Fund Management, L.P., its general partner By: Hoak & Co., its general partner By: Hoak & Co., its general partner By: /s/ J. Hale Hoak J. Hale Hoak By: /s/ J. Hale Hoak President J. Hale Hoak President Hoak & Co. James M. Hoak, Jr. By: /s/ J. Hale Hoak By: /s/ James M. Hoak, Jr. J. Hale Hoak James M. Hoak, Jr. President J. Hale Hoak By: /s/ J. Hale Hoak J. Hale Hoak Schedule A Transactions – Last 60 days Reporting Person Transaction Date Transaction Shares Total Price Per Share (including costs of commissions and expenses) Hoak Public Equities, L.P. 9/9/2024 Purchase 1,005 $12.51 Hoak Public Equities, L.P. 9/9/2024 Purchase 125 $12.58 Hoak Public Equities, L.P. 9/10/2024 Purchase 440 $12.52 Hoak Public Equities, L.P. 9/11/2024 Purchase 2,476 $12.47 J. Hale Hoak 9/12/2024 Purchase 14,086 $12.55 Hoak Public Equities, L.P. 9/12/2024 Purchase 1,460 $12.51 Hoak Public Equities, L.P. 9/12/2024 Sell 15,000 $12.49 J. Hale Hoak 9/16/2024 Purchase 2,000 $12.53 J. Hale Hoak 9/16/2024 Purchase 2,000 $12.53 J. Hale Hoak 9/16/2024 Purchase 1,000 $12.53 J. Hale Hoak 9/16/2024 Purchase 2,631 $12.53 J. Hale Hoak 9/16/2024 Purchase 300 $12.52 Hoak Public Equities, L.P. 11/1/2024 Purchase 1,484 $14.80 Hoak Public Equities, L.P. 11/4/2024 Purchase 349 $14.03 Hoak Public Equities, L.P. 11/5/2024 Purchase 40,769 $14.55

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View this SC 13D/A filing on SEC EDGAR