Westwood Holdings Group (NYSE:WHG) Director Sells $16,060.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $16.06, for a total transaction of $16,060.00. Following the completion of the transaction, the director directly owned 288,467 shares in the company, valued at $4,632,780.02. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG traded down $0.01 during trading on Friday, hitting $16.37. The stock had a trading volume of 11,347 shares, compared to its average volume of 10,858. The firm has a market capitalization of $155.33 million, a P/E ratio of 19.72 and a beta of 0.62. The company’s 50-day moving average price is $16.25 and its 200 day moving average price is $16.89. Westwood Holdings Group Inc has a twelve month low of $14.51 and a twelve month high of $18.99.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s payout ratio is currently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, 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.