Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 1,062 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,062 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $16.20, for a total value of $17,204.40. Following the completion of the sale, the director owned 280,702 shares in the company, valued at approximately $4,547,372.40. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG traded up $0.01 during trading hours on Thursday, reaching $16.38. The company’s stock had a trading volume of 11,655 shares, compared to its average volume of 11,034. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99. The company’s 50-day moving average is $16.21 and its 200-day moving average is $16.85. The firm has a market cap of $155.47 million, a PE ratio of 19.74 and a beta of 0.62.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Institutional Trading of Westwood Holdings Group

Several large investors have recently modified their holdings of WHG. Goldman Sachs Group Inc. acquired a new stake in shares of Westwood Holdings Group during the 1st quarter worth $213,000. Empowered Funds LLC boosted its stake in Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group in the first quarter valued at about $366,000. Geode Capital Management LLC boosted its stake in Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 6,990 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WHG shares. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company 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.