Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $82,872.86 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,274 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $19.39, for a total value of $82,872.86. Following the sale, the director directly owned 247,237 shares in the company, valued at $4,793,925.43. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

WHG stock opened at $19.75 on Friday. Westwood Holdings Group Inc has a 1-year low of $14.70 and a 1-year high of $20.97. The company has a market capitalization of $187.47 million, a price-to-earnings ratio of 23.80 and a beta of 0.57. The business has a 50 day simple moving average of $17.11 and a two-hundred day simple moving average of $17.11.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings lowered 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, the stock has an average rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Several hedge funds have recently made changes to their positions in WHG. Allspring Global Investments Holdings LLC lifted its holdings in shares of Westwood Holdings Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock valued at $9,749,000 after acquiring an additional 6,302 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $7,638,000. Vanguard Group Inc. raised its position in Westwood Holdings Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock valued at $6,551,000 after purchasing an additional 11,223 shares during the period. North Star Investment Management Corp. lifted its stake 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 valued at $6,272,000 after purchasing an additional 8,816 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after purchasing an additional 5,169 shares during the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

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.