Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 994 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 994 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $16.28, for a total transaction of $16,182.32. Following the sale, the director owned 291,122 shares of the company’s stock, valued at $4,739,466.16. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 2.0%

NYSE:WHG opened at $15.67 on Tuesday. The company has a fifty day moving average of $16.27 and a 200 day moving average of $16.90. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99. The firm has a market capitalization of $148.50 million, a P/E ratio of 18.87 and a beta of 0.62.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings results on Thursday, April 30th. The asset manager reported $0.31 EPS for the quarter. Westwood Holdings Group had a net margin of 7.40% and a return on equity of 8.34%. The company had revenue of $24.97 million during the quarter.

Westwood Holdings Group Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Westwood Holdings Group by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after buying an additional 13,059 shares during the period. Settian Capital LP grew 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 worth $7,759,000 after buying an additional 40,507 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Westwood Holdings Group in the 4th quarter worth about $7,638,000. Vanguard Group Inc. grew its position in shares of Westwood Holdings Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after buying an additional 11,223 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of Westwood Holdings Group by 2.4% in the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after buying an additional 8,816 shares during the period. 56.64% of the stock is owned by hedge funds and other institutional investors.

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.