Westwood Holdings Group (NYSE:WHG) Director Sells $20,826.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $16.02, for a total value of $20,826.00. Following the completion of the transaction, the director owned 276,250 shares in the company, valued at approximately $4,425,525. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG opened at $16.88 on Friday. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99. The company has a market cap of $160.12 million, a P/E ratio of 20.33 and a beta of 0.61. The business’s 50-day simple moving average is $16.32 and its 200-day simple moving average is $16.84.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on WHG shares. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Goldman Sachs Group Inc. acquired a new stake in shares of Westwood Holdings Group in the 1st quarter valued at approximately $213,000. Empowered Funds LLC increased its position in Westwood Holdings Group by 8.7% during the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock worth $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC purchased a new position in Westwood Holdings Group during the first quarter worth $366,000. Geode Capital Management LLC grew its position in shares of Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after purchasing an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 6,990 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

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.