Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,666 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,666 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $16.21, for a total transaction of $27,005.86. Following the completion of the sale, the director directly owned 281,764 shares in the company, valued at approximately $4,567,394.44. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.1%

Shares of WHG stock opened at $16.38 on Friday. The company’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $16.84. The firm has a market cap of $155.47 million, a PE ratio of 19.74 and a beta of 0.62. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend 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%.

Institutional Trading of Westwood Holdings Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after acquiring an additional 692 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Westwood Holdings Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock valued at $2,808,000 after purchasing an additional 896 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Westwood Holdings Group by 1.9% in the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 1,190 shares during the last quarter. 56.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WHG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.