Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $10,468.08 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 651 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $16.08, for a total value of $10,468.08. Following the sale, the director owned 284,549 shares in the company, valued at approximately $4,575,547.92. This trade represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG opened at $15.94 on Thursday. The business’s fifty day moving average price is $16.16 and its two-hundred day moving average price is $16.87. The stock has a market cap of $151.27 million, a PE ratio of 19.20 and a beta of 0.62. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WHG. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Westwood Holdings Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after purchasing an additional 6,302 shares during the last quarter. Settian Capital LP boosted its holdings in shares of Westwood Holdings Group by 9.4% during the third 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. Gamco Investors INC. ET AL acquired a new stake in shares of Westwood Holdings Group during the fourth quarter worth $7,638,000. Vanguard Group Inc. raised its position in shares of Westwood Holdings Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after buying an additional 11,223 shares during the period. Finally, North Star Investment Management Corp. raised its position in shares of Westwood Holdings Group by 2.4% in the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after buying an additional 8,816 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

About Westwood Holdings Group

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.