Westwood Holdings Group (NYSE:WHG) Director Sells $46,125.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,500 shares of Westwood Holdings Group stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $18.45, for a total transaction of $46,125.00. Following the sale, the director owned 253,311 shares in the company, valued at approximately $4,673,587.95. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 8.7%

WHG stock opened at $19.89 on Friday. The company has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $17.03. The company has a market capitalization of $188.75 million, a P/E ratio of 23.96 and a beta of 0.61. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.34.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Trading of Westwood Holdings Group

A number of large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group during the 4th quarter worth $7,638,000. Geode Capital Management LLC lifted its holdings in shares of Westwood Holdings Group by 141.0% during the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after purchasing an additional 94,311 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group in the 1st quarter valued at $366,000. Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group in the 1st quarter worth about $213,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Westwood Holdings Group by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after buying an additional 13,059 shares during the period. 56.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded 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 note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average 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.