Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 4,481 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,481 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $19.88, for a total transaction of $89,082.28. Following the sale, the director owned 230,444 shares of the company’s stock, valued at $4,581,226.72. This represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

NYSE WHG opened at $20.34 on Wednesday. The firm’s fifty day moving average price is $17.34 and its 200 day moving average price is $17.15. The company has a market capitalization of $193.02 million, a price-to-earnings ratio of 24.50 and a beta of 0.57. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $20.97.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Westwood Holdings Group’s payout ratio is 72.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in 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. Gamco Investors INC. ET AL acquired a new position in shares of Westwood Holdings Group during the 4th quarter worth $7,638,000. Vanguard Group Inc. grew its stake in shares of Westwood Holdings Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after purchasing an additional 11,223 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Westwood Holdings Group by 2.4% in the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock valued at $6,272,000 after purchasing an additional 8,816 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after purchasing an additional 5,169 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

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