Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 678 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 678 shares of Westwood Holdings Group stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $16.01, for a total value of $10,854.78. Following the sale, the director directly owned 289,727 shares of the company’s stock, valued at approximately $4,638,529.27. This trade represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

WHG stock traded down $0.01 during mid-day trading on Friday, hitting $16.37. 11,347 shares of the stock were exchanged, compared to its average volume of 10,858. The business has a fifty day moving average price of $16.25 and a 200 day moving average price of $16.89. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99. The stock has a market capitalization of $155.33 million, a price-to-earnings ratio of 19.72 and a beta of 0.62.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 3.7%. Westwood Holdings Group’s payout ratio is 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after acquiring an additional 5,169 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Westwood Holdings Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock valued at $9,749,000 after acquiring an additional 6,302 shares during the last quarter. North Star Investment Management Corp. lifted its stake 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 valued at $6,272,000 after acquiring an additional 8,816 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Westwood Holdings Group by 9.6% in the 4th quarter. Empowered Funds LLC now owns 38,337 shares of the asset manager’s stock valued at $660,000 after acquiring an additional 3,368 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of Westwood Holdings Group by 3.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 93,789 shares of the asset manager’s stock valued at $1,614,000 after acquiring an additional 3,368 shares during the last quarter. Institutional investors own 56.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

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.