Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $69,350.40 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,584 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $19.35, for a total transaction of $69,350.40. Following the completion of the transaction, the director directly owned 234,925 shares of the company’s stock, valued at $4,545,798.75. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 1.2%

WHG opened at $19.18 on Friday. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $20.97. The company has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $17.16. The stock has a market cap of $182.02 million, a P/E ratio of 23.11 and a beta of 0.57.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s payout ratio is presently 72.29%.

Institutional Trading of Westwood Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marquette Asset Management LLC bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $207,000. Empowered Funds LLC raised its position in Westwood Holdings Group by 9.3% in the 1st 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 last quarter. Bank of America Corp DE raised its position in Westwood Holdings Group by 1.9% in the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after buying an additional 1,018 shares during the last quarter. Gabelli Funds LLC lifted its stake in Westwood Holdings Group by 6.5% in 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 in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Westwood Holdings Group by 6.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on WHG. Weiss Ratings lowered 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 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, According to data from MarketBeat, Westwood Holdings Group currently has a consensus rating of “Buy”.

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.