Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,634 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,634 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $18.29, for a total value of $29,885.86. Following the completion of the sale, the director owned 258,710 shares of the company’s stock, valued at $4,731,805.90. This represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.8%

NYSE WHG traded up $0.14 on Tuesday, reaching $18.14. The company had a trading volume of 26,642 shares, compared to its average volume of 12,297. The stock’s 50 day moving average is $16.53 and its 200-day moving average is $16.92. The stock has a market cap of $172.10 million, a price-to-earnings ratio of 21.85 and a beta of 0.61. Westwood Holdings Group Inc has a 52 week low of $14.70 and a 52 week high of $18.99.

Westwood Holdings Group Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on WHG. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded 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, Westwood Holdings Group has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Westwood Holdings Group during the second quarter worth about $63,000. Raymond James Financial Inc. acquired a new position in shares of Westwood Holdings Group during the second quarter worth about $85,000. New York State Common Retirement Fund acquired a new position in shares of Westwood Holdings Group during the second quarter worth about $98,000. JPMorgan Chase & Co. boosted its position in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

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.