Susan Byrne Sells 651 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 651 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $16.08, for a total value of $10,468.08. Following the completion of the transaction, the director directly owned 284,549 shares of the company’s stock, valued at $4,575,547.92. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 1.5%

NYSE WHG traded up $0.24 during mid-day trading on Monday, hitting $16.05. The stock had a trading volume of 14,519 shares, compared to its average volume of 10,917. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The company has a market cap of $152.31 million, a price-to-earnings ratio of 19.34 and a beta of 0.62. The company has a 50 day simple moving average of $16.14 and a 200 day simple moving average of $16.87.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently bought and sold shares of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Westwood Holdings Group during the second quarter worth $63,000. Raymond James Financial Inc. purchased a new position in Westwood Holdings Group during the second quarter worth $85,000. New York State Common Retirement Fund purchased a new position in Westwood Holdings Group during the second quarter worth $98,000. JPMorgan Chase & Co. increased its position in Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.