Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,900 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,900 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $17.46, for a total value of $33,174.00. Following the completion of the sale, the director owned 272,721 shares in the company, valued at approximately $4,761,708.66. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 2.5%

Shares of NYSE WHG opened at $17.46 on Wednesday. The stock has a market cap of $165.65 million, a P/E ratio of 21.03 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 business’s fifty day simple moving average is $16.39 and its 200-day simple moving average is $16.88.

Westwood Holdings Group Announces Dividend

The business also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of 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 MarketBeat.com, Westwood Holdings Group currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC lifted its stake in Westwood Holdings Group by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after acquiring an additional 642 shares during the last quarter. 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 worth $184,000 after buying an additional 692 shares during the last quarter. 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 worth $2,808,000 after buying an additional 896 shares during the last quarter. 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 worth $920,000 after buying an additional 1,018 shares during the last quarter. 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 worth $213,000 after buying an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

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.