Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $28,424.15 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,549 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $18.35, for a total transaction of $28,424.15. Following the completion of the transaction, the director owned 256,811 shares of the company’s stock, valued at approximately $4,712,481.85. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG stock opened at $18.14 on Thursday. The company has a fifty day moving average price of $16.76 and a 200-day moving average price of $17.00. The company has a market capitalization of $172.18 million, a P/E ratio of 21.86 and a beta of 0.61. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $18.99.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued 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 3.3%. Westwood Holdings Group’s payout ratio is presently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new stake in Westwood Holdings Group during the fourth quarter valued at $7,638,000. Sei Investments Co. raised its position in shares of Westwood Holdings Group by 31.3% in the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after acquiring an additional 7,543 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $4,607,000 after acquiring an additional 5,169 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Westwood Holdings Group by 9.3% in the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after purchasing an additional 3,561 shares during the period. Finally, Gabelli Funds LLC boosted its position in shares of Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 5,004 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research report 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”.

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.