Westwood Holdings Group (NYSE:WHG) Director Sells $28,424.15 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,549 shares of Westwood Holdings Group stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $18.35, for a total transaction of $28,424.15. Following the transaction, the director owned 256,811 shares in the company, valued at approximately $4,712,481.85. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a 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 Price Performance

WHG traded down $0.48 on Monday, reaching $18.10. 52,922 shares of the company traded hands, compared to its average volume of 12,837. The company has a market cap of $171.77 million, a price-to-earnings ratio of 21.81 and a beta of 0.61. The stock’s 50 day moving average price is $16.65 and its 200-day moving average price is $16.95. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.15 dividend. 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 currently 72.29%.

Institutional Trading of Westwood Holdings Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Westwood Holdings Group in the first quarter worth about $213,000. Empowered Funds LLC lifted its holdings in shares of Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after purchasing an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group in the 1st quarter valued at approximately $366,000. Geode Capital Management LLC grew its position in shares of Westwood Holdings Group by 141.0% in the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after purchasing an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares in the last quarter. 56.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

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