Westwood Holdings Group (NYSE:WHG) CEO Brian Casey Sells 8,341 Shares

Westwood Holdings Group Inc (NYSE:WHG) CEO Brian Casey sold 8,341 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total transaction of $138,043.55. Following the completion of the sale, the chief executive officer owned 492,359 shares in the company, valued at $8,148,541.45. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Westwood Holdings Group Trading Up 4.2%

NYSE:WHG opened at $17.09 on Friday. The company has a market capitalization of $160.77 million, a P/E ratio of 20.84 and a beta of 0.84. The firm has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $16.63. Westwood Holdings Group Inc has a twelve month low of $13.49 and a twelve month high of $18.97.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is 73.17%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group in the 1st quarter valued at about $213,000. Settian Capital LP acquired a new stake in shares of Westwood Holdings Group in the second quarter worth approximately $6,708,000. North Star Investment Management Corp. boosted its position in shares of Westwood Holdings Group by 1.5% in the second quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager’s stock worth $5,732,000 after acquiring an additional 5,446 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Westwood Holdings Group by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager’s stock valued at $7,342,000 after purchasing an additional 6,480 shares during the period. Finally, Sei Investments Co. increased its position in Westwood Holdings Group by 33.3% during the third quarter. Sei Investments Co. now owns 17,495 shares of the asset manager’s stock worth $288,000 after purchasing an additional 4,366 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WHG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Westwood Holdings Group in a research note on Monday. Wall Street Zen upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Westwood Holdings Group

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.