Susan Byrne Sells 1,666 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,666 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $16.21, for a total transaction of $27,005.86. Following the transaction, the director directly owned 281,764 shares in the company, valued at approximately $4,567,394.44. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.3%

NYSE:WHG opened at $16.49 on Friday. Westwood Holdings Group Inc has a fifty-two week low of $14.51 and a fifty-two week high of $18.99. The stock has a market cap of $156.41 million, a PE ratio of 19.86 and a beta of 0.62. The firm’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $16.84.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently added to or reduced their stakes in the business. Peapod Lane Capital LLC increased its holdings 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 valued at $1,526,000 after acquiring an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings 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 valued at $184,000 after acquiring an additional 692 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $2,808,000 after acquiring an additional 896 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $920,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Barclays PLC increased its holdings in Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after acquiring an additional 1,190 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WHG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. Wall Street Zen raised shares of 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, 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.