Westwood Holdings Group (NYSE:WHG) Director Sells $52,263.60 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,910 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.96, for a total value of $52,263.60. Following the sale, the director owned 260,344 shares of the company’s stock, valued at approximately $4,675,778.24. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 2.5%

NYSE:WHG opened at $18.45 on Friday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The stock’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $16.94. The firm has a market capitalization of $175.09 million, a PE ratio of 22.23 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analyst Ratings Changes

WHG has been the topic of several research reports. 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 raised shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group currently has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently bought and sold shares of WHG. Allspring Global Investments Holdings LLC raised its position in Westwood Holdings Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock valued at $9,749,000 after purchasing an additional 6,302 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group during the fourth quarter worth about $7,638,000. Vanguard Group Inc. grew its holdings in shares of Westwood Holdings Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after purchasing an additional 11,223 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Westwood Holdings Group by 2.4% in the first quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock valued at $6,272,000 after buying an additional 8,816 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Westwood Holdings Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after buying an additional 5,169 shares during the period. Institutional investors and hedge funds 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.