Susan Byrne Sells 607 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 607 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $17.11, for a total transaction of $10,385.77. Following the completion of the transaction, the director owned 274,621 shares in the company, valued at $4,698,765.31. This trade represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of NYSE WHG opened at $17.61 on Thursday. The company has a market capitalization of $167.12 million, a P/E ratio of 21.22 and a beta of 0.61. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $18.99. The company’s 50 day moving average price is $16.41 and its 200-day moving average price is $16.89.

Westwood Holdings Group Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Westwood Holdings Group’s payout ratio is 72.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Settian Capital LP lifted its position in shares of Westwood Holdings Group by 9.4% during the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after acquiring an additional 40,507 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Westwood Holdings Group during the 4th quarter valued at $7,638,000. Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after acquiring an additional 5,169 shares during the period. Empowered Funds LLC lifted its position in shares of Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after acquiring an additional 3,561 shares during the period. Finally, Gabelli Funds LLC lifted its position in shares of Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after acquiring an additional 5,004 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WHG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, 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.