Westwood Holdings Group (NYSE:WHG) Director Sells $16,123.57 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 991 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $16.27, for a total transaction of $16,123.57. Following the transaction, the director directly owned 286,000 shares of the company’s stock, valued at approximately $4,653,220. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Down 1.4%

Shares of NYSE:WHG opened at $15.84 on Friday. The company has a 50 day moving average of $16.14 and a 200 day moving average of $16.87. The stock has a market cap of $150.35 million, a P/E ratio of 19.09 and a beta of 0.62. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99.

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 dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.8%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WHG. Gamco Investors INC. ET AL purchased a new position in Westwood Holdings Group in the 4th quarter worth approximately $7,638,000. Geode Capital Management LLC grew its stake in 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 worth $2,515,000 after buying an additional 94,311 shares in the last quarter. Settian Capital LP grew its stake in Westwood Holdings Group by 9.4% in the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock worth $7,759,000 after buying an additional 40,507 shares in the last quarter. Jane Street Group LLC purchased a new position in Westwood Holdings Group in the 1st quarter worth approximately $366,000. Finally, Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group in the 1st quarter worth approximately $213,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.