Susan Byrne Sells 1,800 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.55, for a total transaction of $31,590.00. Following the transaction, the director owned 270,921 shares in the company, valued at $4,754,663.55. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 1.4%

Shares of Westwood Holdings Group stock opened at $17.84 on Friday. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99. The firm has a market capitalization of $169.34 million, a price-to-earnings ratio of 21.50 and a beta of 0.61. The firm’s 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $16.90.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Institutional Trading of Westwood Holdings Group

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after purchasing an additional 1,018 shares in the last quarter. Empowered Funds LLC lifted its holdings in Westwood Holdings Group by 9.3% during the first quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after purchasing an additional 3,561 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Westwood Holdings Group by 6.5% in the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after buying an additional 5,004 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Westwood Holdings Group by 6.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after buying an additional 692 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Westwood Holdings Group by 31.3% in the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after buying an additional 7,543 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WHG has been the topic of several recent research reports. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company 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.