Westwood Holdings Group (NYSE:WHG) Director Sells 4,367 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,367 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.86, for a total transaction of $77,994.62. Following the sale, the director owned 263,254 shares of the company’s stock, valued at approximately $4,701,716.44. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.8%

Westwood Holdings Group stock traded up $0.14 during trading on Tuesday, hitting $18.14. The stock had a trading volume of 26,642 shares, compared to its average volume of 12,297. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The stock’s 50 day moving average is $16.53 and its two-hundred day moving average is $16.92. The stock has a market cap of $172.10 million, a price-to-earnings ratio of 21.85 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group during the fourth quarter valued at about $7,638,000. Gabelli Funds LLC increased its position in shares of Westwood Holdings Group by 6.5% during the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after buying an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position 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 buying an additional 692 shares during the period. Sei Investments Co. increased its position in shares of Westwood Holdings Group by 31.3% during the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after buying an additional 7,543 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Westwood Holdings Group by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after buying an additional 5,169 shares during the period. 56.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WHG has been the topic of a number of research reports. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock 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.