Susan Byrne Sells 991 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 991 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $16.27, for a total transaction of $16,123.57. Following the transaction, the director directly owned 286,000 shares of the company’s stock, valued at approximately $4,653,220. This represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of WHG stock opened at $16.07 on Friday. The firm’s 50-day simple moving average is $16.17 and its 200-day simple moving average is $16.88. Westwood Holdings Group Inc has a 1-year low of $14.51 and a 1-year high of $18.99. The firm has a market cap of $152.46 million, a P/E ratio of 19.36 and a beta of 0.62.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Trading of Westwood Holdings Group

Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in Westwood Holdings Group by 6.5% in the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after buying an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after buying an additional 692 shares during the period. Sei Investments Co. grew its stake in Westwood Holdings Group by 31.3% during the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after buying an additional 7,543 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Westwood Holdings Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after acquiring an additional 5,169 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Westwood Holdings Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after acquiring an additional 6,302 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Westwood Holdings Group Company Profile

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.