Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,300 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $18.32, for a total transaction of $23,816.00. Following the sale, the director directly owned 252,011 shares of the company’s stock, valued at $4,616,841.52. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE:WHG opened at $18.29 on Friday. The business’s 50-day moving average is $16.79 and its 200 day moving average is $17.01. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The firm has a market capitalization of $173.57 million, a P/E ratio of 22.04 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The firm 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 is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Westwood Holdings Group’s payout ratio is presently 72.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WHG. Gamco Investors INC. ET AL acquired a new stake in Westwood Holdings Group in the 4th quarter valued at $7,638,000. North Star Investment Management Corp. raised its position in Westwood Holdings Group by 1.2% during the fourth quarter. North Star Investment Management Corp. now owns 371,993 shares of the asset manager’s stock worth $6,402,000 after acquiring an additional 4,516 shares during the period. Peapod Lane Capital LLC raised its position in Westwood Holdings Group by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after acquiring an additional 642 shares during the period. JPMorgan Chase & Co. lifted its holdings in Westwood Holdings Group by 35.2% during the third quarter. JPMorgan Chase & Co. now owns 10,191 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Westwood Holdings Group by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock valued at $10,698,000 after purchasing an additional 13,059 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of 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 shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group 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.