Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $27,005.86 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,666 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $16.21, for a total value of $27,005.86. Following the transaction, the director directly owned 281,764 shares of the company’s stock, valued at approximately $4,567,394.44. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.3%

Shares of NYSE WHG opened at $16.49 on Friday. The stock has a fifty day simple moving average of $16.26 and a two-hundred day simple moving average of $16.84. Westwood Holdings Group Inc has a 1-year low of $14.51 and a 1-year high of $18.99. The firm has a market cap of $156.44 million, a price-to-earnings ratio of 19.86 and a beta of 0.62.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors have recently made changes to their positions in the stock. Peapod Lane Capital LLC lifted its position in shares of Westwood Holdings Group by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after acquiring an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after acquiring an additional 692 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Westwood Holdings Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after acquiring an additional 896 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Westwood Holdings Group by 10.6% during the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock worth $213,000 after acquiring an additional 1,190 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.