Westwood Holdings Group (WHG) Receiving Somewhat Favorable Press Coverage, Study Shows
Press coverage about Westwood Holdings Group (NYSE:WHG) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westwood Holdings Group earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 46.0448153501328 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Westwood Holdings Group (NYSE WHG) traded up $0.26 during trading on Friday, hitting $64.48. 17,453 shares of the company’s stock were exchanged, compared to its average volume of 33,662. The firm has a market capitalization of $572.87, a P/E ratio of 19.66 and a beta of 1.53. Westwood Holdings Group has a 1-year low of $50.48 and a 1-year high of $71.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.22%. This is an increase from Westwood Holdings Group’s previous quarterly dividend of $0.62. Westwood Holdings Group’s dividend payout ratio is 83.50%.
Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Monday, August 14th.
In other Westwood Holdings Group news, Vice Chairman Susan M. Byrne sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total value of $960,150.00. Following the completion of the transaction, the insider now owns 265,593 shares in the company, valued at $17,000,607.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Susan M. Byrne sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $62.06, for a total transaction of $620,600.00. Following the completion of the transaction, the insider now owns 269,552 shares of the company’s stock, valued at approximately $16,728,397.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,307 shares of company stock valued at $2,966,162. Insiders own 9.60% of the company’s stock.
Westwood Holdings Group Company Profile
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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