Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 994 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 994 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $16.28, for a total transaction of $16,182.32. Following the transaction, the director directly owned 291,122 shares of the company’s stock, valued at approximately $4,739,466.16. This represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of Westwood Holdings Group stock traded down $0.33 during trading on Monday, reaching $15.67. The company’s stock had a trading volume of 29,437 shares, compared to its average volume of 10,575. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99. The firm has a market cap of $148.50 million, a price-to-earnings ratio of 18.87 and a beta of 0.62. The business’s fifty day moving average price is $16.27 and its 200-day moving average price is $16.90.

Westwood Holdings Group (NYSE:WHG) last announced its earnings results on Thursday, April 30th. The asset manager reported $0.31 earnings per share for the quarter. The firm had revenue of $24.97 million during the quarter. Westwood Holdings Group had a return on equity of 8.34% and a net margin of 7.40%.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WHG. Gamco Investors INC. ET AL acquired a new position in shares of Westwood Holdings Group during the fourth quarter valued at about $7,638,000. Geode Capital Management LLC raised its position in shares of Westwood Holdings Group by 141.0% during the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares during the last quarter. Settian Capital LP raised its position in shares of Westwood Holdings Group by 9.4% during the third quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after buying an additional 40,507 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group during the first quarter valued at about $366,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Westwood Holdings Group during the first quarter valued at about $213,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

About Westwood Holdings Group

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.