Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 2,910 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,910 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.96, for a total transaction of $52,263.60. Following the transaction, the director directly owned 260,344 shares of the company’s stock, valued at approximately $4,675,778.24. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.8%

Shares of NYSE:WHG traded up $0.14 during midday trading on Tuesday, hitting $18.14. 26,642 shares of the stock traded hands, compared to its average volume of 12,297. The stock has a market capitalization of $172.10 million, a PE ratio of 21.85 and a beta of 0.61. The business’s 50 day moving average is $16.53 and its two-hundred day moving average is $16.92. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WHG shares. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 9.3% during the first quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after buying an additional 3,561 shares during the period. Bank of America Corp DE grew its holdings in 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 worth $920,000 after purchasing an additional 1,018 shares during the period. Gabelli Funds LLC grew its holdings in Westwood Holdings Group by 6.5% in the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock worth $1,354,000 after purchasing an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Westwood Holdings Group by 6.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after purchasing an additional 692 shares during the period. Finally, Sei Investments Co. grew its holdings in Westwood Holdings Group by 31.3% in the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after purchasing an additional 7,543 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.