Susan Byrne Sells 3,300 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,300 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $17.43, for a total transaction of $57,519.00. Following the completion of the sale, the director owned 267,621 shares of the company’s stock, valued at approximately $4,664,634.03. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 1.4%

Shares of NYSE:WHG opened at $17.84 on Friday. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99. The business has a 50 day moving average of $16.47 and a 200-day moving average of $16.90. The stock has a market cap of $169.34 million, a PE ratio of 21.50 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 72.29%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Peapod Lane Capital LLC boosted its stake in shares of Westwood Holdings Group by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock valued at $1,526,000 after purchasing an additional 642 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Westwood Holdings Group by 6.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after purchasing an additional 692 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Westwood Holdings Group by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock valued at $2,808,000 after purchasing an additional 896 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Westwood Holdings Group by 10.6% in the 4th 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 last quarter. 56.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus 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.