Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,000 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $18.31, for a total value of $18,310.00. Following the transaction, the director owned 255,811 shares in the company, valued at approximately $4,683,899.41. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG stock opened at $18.10 on Tuesday. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The firm has a market cap of $171.77 million, a P/E ratio of 21.81 and a beta of 0.61. The stock has a 50-day simple moving average of $16.68 and a 200-day simple moving average of $16.97.

Westwood Holdings Group Announces Dividend

The business also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

WHG has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new position in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group during the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. boosted its stake in shares of Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.