Westwood Holdings Group (NYSE:WHG) Director Sells $52,263.60 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,910 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.96, for a total transaction of $52,263.60. Following the completion of the sale, the director owned 260,344 shares in the company, valued at approximately $4,675,778.24. This trade represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.8%

WHG traded up $0.14 during midday trading on Tuesday, reaching $18.14. The company’s stock had a trading volume of 26,642 shares, compared to its average volume of 12,297. The firm has a market capitalization of $172.10 million, a price-to-earnings ratio of 21.85 and a beta of 0.61. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The stock’s 50-day moving average is $16.53 and its 200-day moving average is $16.92.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed 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 yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

WHG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a 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 report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of Westwood Holdings Group by 9.3% during the first quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after buying an additional 3,561 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after buying an additional 1,018 shares during the last quarter. Gabelli Funds LLC lifted its position in Westwood Holdings Group by 6.5% during the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position 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 valued at $184,000 after purchasing an additional 692 shares during the period. Finally, Sei Investments Co. lifted its position 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 valued at $521,000 after purchasing an additional 7,543 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.