Westwood Holdings Group (NYSE:WHG) Director Sells $82,872.86 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,274 shares of Westwood Holdings Group stock in a transaction on Friday, June 26th. The shares were sold at an average price of $19.39, for a total transaction of $82,872.86. Following the transaction, the director owned 247,237 shares in the company, valued at $4,793,925.43. The trade was a 1.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

NYSE WHG traded down $1.11 during trading hours on Tuesday, hitting $19.04. The company had a trading volume of 32,847 shares, compared to its average volume of 14,973. The firm’s 50 day moving average is $16.94 and its 200 day moving average is $17.06. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.97. The company has a market capitalization of $180.66 million, a price-to-earnings ratio of 22.94 and a beta of 0.61.

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 paid a $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Trading of Westwood Holdings Group

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of Westwood Holdings Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after acquiring an additional 6,302 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Westwood Holdings Group in the fourth quarter valued at about $7,638,000. Vanguard Group Inc. boosted its holdings in Westwood Holdings Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock valued at $6,551,000 after purchasing an additional 11,223 shares during the last quarter. North Star Investment Management Corp. grew its stake in Westwood Holdings Group by 2.4% during the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock valued at $6,272,000 after purchasing an additional 8,816 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Westwood Holdings Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after purchasing an additional 5,169 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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