Westwood Holdings Group (NYSE:WHG) Director Sells $57,519.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $17.43, for a total transaction of $57,519.00. Following the completion of the transaction, the director owned 267,621 shares in the company, valued at $4,664,634.03. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 1.4%

NYSE WHG traded up $0.25 during trading hours on Friday, hitting $17.84. The company’s stock had a trading volume of 63,748 shares, compared to its average volume of 12,108. The stock has a fifty day moving average of $16.47 and a 200 day moving average of $16.90. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The firm has a market capitalization of $169.34 million, a P/E ratio of 21.50 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Analyst Ratings Changes

Several brokerages recently weighed in on WHG. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Westwood Holdings Group currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently bought and sold shares of the company. Peapod Lane Capital LLC raised its holdings in Westwood Holdings Group by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after purchasing an additional 642 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised 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. Geode Capital Management LLC raised its holdings in Westwood Holdings Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after purchasing an additional 896 shares during the period. Bank of America Corp DE raised 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. Finally, Barclays PLC raised its holdings in Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock worth $213,000 after purchasing an additional 1,190 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

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.