Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 2,910 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,910 shares of Westwood Holdings Group stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.96, for a total value of $52,263.60. Following the transaction, the director directly owned 260,344 shares in the company, valued at $4,675,778.24. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Trading Up 0.8%

Shares of WHG opened at $18.14 on Wednesday. The company has a market capitalization of $172.10 million, a PE ratio of 21.85 and a beta of 0.61. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $18.99. The stock’s 50-day moving average price is $16.53 and its two-hundred day moving average price is $16.92.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. 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 payout ratio is presently 72.29%.

Institutional Trading of Westwood Holdings Group

Hedge funds have recently modified their holdings of the stock. Peapod Lane Capital LLC lifted its position in shares of Westwood Holdings Group by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock valued at $1,526,000 after acquiring an additional 642 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position 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 valued at $184,000 after acquiring an additional 692 shares during the period. Geode Capital Management LLC lifted its position in shares of Westwood Holdings Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock valued at $2,808,000 after acquiring an additional 896 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 acquiring an additional 1,018 shares during the period. Finally, Barclays PLC lifted its position in shares of Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after acquiring an additional 1,190 shares during the period. Institutional investors own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

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