Westwood Holdings Group (NYSE:WHG) CEO Brian Casey Sells 1,764 Shares

Westwood Holdings Group Inc (NYSE:WHG) CEO Brian Casey sold 1,764 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the sale, the chief executive officer owned 500,700 shares of the company’s stock, valued at $8,216,487. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Westwood Holdings Group Trading Up 3.2%

Westwood Holdings Group stock traded up $0.53 during trading on Thursday, reaching $16.93. The company had a trading volume of 16,659 shares, compared to its average volume of 19,872. The firm’s 50-day simple moving average is $16.47 and its 200 day simple moving average is $16.63. The firm has a market capitalization of $159.31 million, a price-to-earnings ratio of 20.65 and a beta of 0.84. Westwood Holdings Group Inc has a 52 week low of $13.49 and a 52 week high of $18.97.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.5%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 73.17%.

Wall Street Analysts Forecast Growth

WHG has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Westwood Holdings Group in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Westwood Holdings Group currently has a consensus rating of “Hold”.

Institutional Trading of Westwood Holdings Group

A number of institutional investors have recently bought and sold shares of WHG. Bridgeway Capital Management LLC boosted its stake in Westwood Holdings Group by 4.4% during the third quarter. Bridgeway Capital Management LLC now owns 90,421 shares of the asset manager’s stock worth $1,491,000 after buying an additional 3,801 shares during the period. Sei Investments Co. raised its stake in shares of Westwood Holdings Group by 33.3% in the third quarter. Sei Investments Co. now owns 17,495 shares of the asset manager’s stock valued at $288,000 after acquiring an additional 4,366 shares during the period. Peapod Lane Capital LLC lifted its holdings in shares of Westwood Holdings Group by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 88,038 shares of the asset manager’s stock worth $1,452,000 after acquiring an additional 970 shares during the last quarter. Garner Asset Management Corp boosted its stake in shares of Westwood Holdings Group by 1.5% during the 3rd quarter. Garner Asset Management Corp now owns 135,211 shares of the asset manager’s stock worth $2,230,000 after purchasing an additional 2,027 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Westwood Holdings Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after purchasing an additional 11,223 shares during the period. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.