Westwood Holdings Group (NYSE:WHG) Director Sells $25,144.02 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,494 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $16.83, for a total transaction of $25,144.02. Following the transaction, the director owned 303,950 shares in the company, valued at approximately $5,115,478.50. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Westwood Holdings Group Stock Performance

Westwood Holdings Group stock traded up $0.27 during midday trading on Wednesday, hitting $16.48. 8,677 shares of the company’s stock were exchanged, compared to its average volume of 13,948. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99. The firm has a 50-day moving average of $16.68 and a two-hundred day moving average of $16.91. The company has a market cap of $156.23 million, a PE ratio of 20.86 and a beta of 0.76.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 3rd were 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 was Tuesday, March 3rd. Westwood Holdings Group’s dividend payout ratio is presently 75.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Westwood Holdings Group currently has an average rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Gamco Investors INC. ET AL purchased a new stake in shares of Westwood Holdings Group during the fourth quarter valued at about $7,638,000. Geode Capital Management LLC raised 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 last quarter. Settian Capital LP raised its position in shares of Westwood Holdings Group by 9.4% in the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after purchasing an additional 40,507 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Westwood Holdings Group in the 1st quarter valued at approximately $366,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group in the 1st quarter valued at approximately $213,000. 56.64% of the stock is owned by hedge funds and other institutional investors.

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.