Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 1,124 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,124 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $16.40, for a total transaction of $18,433.60. Following the completion of the sale, the director directly owned 277,550 shares of the company’s stock, valued at $4,551,820. This represents a 0.40% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.49 during mid-day trading on Tuesday, hitting $16.51. The company’s stock had a trading volume of 38,819 shares, compared to its average volume of 13,431. The stock has a market cap of $156.65 million, a price-to-earnings ratio of 19.89 and a beta of 0.62. The business has a 50 day moving average price of $16.28 and a 200-day moving average price of $16.84. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WHG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors have recently made changes to their positions in WHG. Goldman Sachs Group Inc. bought a new position in Westwood Holdings Group in the first quarter worth approximately $213,000. Empowered Funds LLC raised its position 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 worth $466,000 after acquiring an additional 2,291 shares during the period. Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group in the first quarter worth $366,000. Geode Capital Management LLC increased its stake in shares of 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 worth $2,515,000 after purchasing an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 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.