Westwood Holdings Group (NYSE:WHG) Director Sells $23,816.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $18.32, for a total transaction of $23,816.00. Following the transaction, the director owned 252,011 shares in the company, valued at approximately $4,616,841.52. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of Westwood Holdings Group stock traded up $0.22 during trading hours on Thursday, reaching $18.29. The company’s stock had a trading volume of 14,344 shares, compared to its average volume of 13,074. The company has a market capitalization of $173.57 million, a P/E ratio of 22.04 and a beta of 0.61. The stock’s fifty day simple moving average is $16.76 and its two-hundred day simple moving average is $17.00. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99.

Westwood Holdings Group Announces Dividend

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 given a $0.15 dividend. 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 dividend payout ratio (DPR) is presently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Westwood Holdings Group by 9.3% during the first 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. Bank of America Corp DE lifted its position in shares of Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after buying an additional 1,018 shares during the last quarter. Gabelli Funds LLC grew its stake 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 worth $1,354,000 after acquiring an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Westwood Holdings Group by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after acquiring an additional 692 shares during the period. Finally, Sei Investments Co. raised its stake in Westwood Holdings Group by 31.3% in the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after acquiring an additional 7,543 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group currently 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.