Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 3,300 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,300 shares of Westwood Holdings Group stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $17.43, for a total transaction of $57,519.00. Following the transaction, the director directly owned 267,621 shares of the company’s stock, valued at approximately $4,664,634.03. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

NYSE:WHG opened at $17.84 on Friday. The firm has a market cap of $169.34 million, a price-to-earnings ratio of 21.50 and a beta of 0.61. The company has a 50 day moving average price of $16.47 and a 200-day moving average price of $16.90. Westwood Holdings Group Inc has a 1-year low of $14.70 and a 1-year high of $18.99.

Westwood Holdings Group Dividend Announcement

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

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors have recently added to or reduced their stakes in WHG. Gamco Investors INC. ET AL acquired a new stake in Westwood Holdings Group in the 4th quarter valued at $7,638,000. Geode Capital Management LLC boosted its stake in Westwood Holdings Group by 141.0% during the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock worth $2,515,000 after purchasing an additional 94,311 shares during the last quarter. Settian Capital LP boosted its stake in Westwood Holdings Group by 9.4% during the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock worth $7,759,000 after purchasing an additional 40,507 shares during the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group during the 1st quarter worth $366,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Westwood Holdings Group during the 1st quarter worth $213,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WHG shares. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group presently 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.