Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,666 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,666 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $16.21, for a total transaction of $27,005.86. Following the transaction, the director directly owned 281,764 shares of the company’s stock, valued at approximately $4,567,394.44. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of NYSE WHG traded up $0.01 during midday trading on Thursday, hitting $16.38. 11,655 shares of the company traded hands, compared to its average volume of 11,034. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99. The stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $16.85. The firm has a market cap of $155.47 million, a P/E ratio of 19.74 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. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WHG. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Peapod Lane Capital LLC lifted its stake in shares of Westwood Holdings Group by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after buying an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Westwood Holdings Group by 6.6% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Westwood Holdings Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after buying an additional 896 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Westwood Holdings Group by 1.9% in the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after buying an additional 1,018 shares in the last quarter. Finally, Barclays PLC lifted its position in Westwood Holdings Group by 10.6% during the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 56.64% of the company’s stock.

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.