Susan Byrne Sells 2,500 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $18.45, for a total value of $46,125.00. Following the transaction, the director directly owned 253,311 shares of the company’s stock, valued at $4,673,587.95. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 8.7%

Shares of WHG stock opened at $19.89 on Friday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $20.34. The company has a market cap of $188.75 million, a P/E ratio of 23.96 and a beta of 0.61. The business has a fifty day simple moving average of $16.86 and a 200 day simple moving average of $17.03.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Peapod Lane Capital LLC increased its holdings in Westwood Holdings Group by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after purchasing an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after purchasing an additional 692 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Westwood Holdings Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after purchasing an additional 896 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after buying an additional 1,190 shares during the period. Institutional investors own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

WHG has been the topic of several research reports. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. 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, According to MarketBeat.com, Westwood Holdings Group has a consensus rating of “Buy”.

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.