Westwood Holdings Group (NYSE:WHG) Director Sells $10,385.77 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 607 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $17.11, for a total value of $10,385.77. Following the completion of the sale, the director owned 274,621 shares of the company’s stock, valued at $4,698,765.31. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Down 0.1%

Shares of NYSE WHG opened at $17.58 on Friday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The company has a market capitalization of $166.82 million, a price-to-earnings ratio of 21.18 and a beta of 0.61. The business has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $16.90.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is 72.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Peapod Lane Capital LLC grew its stake in Westwood Holdings Group by 0.7% during the 4th 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 during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Westwood Holdings Group by 6.6% during the 1st 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 last quarter. Geode Capital Management LLC grew its stake in Westwood Holdings Group by 0.6% during the 4th 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 during the last quarter. Bank of America Corp DE grew its stake in Westwood Holdings Group by 1.9% during the 1st 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 during the last quarter. Finally, Barclays PLC boosted its position in Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock worth $213,000 after acquiring an additional 1,190 shares during the period. 56.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WHG has been the subject of a number of recent research reports. Weiss Ratings downgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group currently has a consensus 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.