Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $69,350.40 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,584 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $19.35, for a total transaction of $69,350.40. Following the transaction, the director directly owned 234,925 shares of the company’s stock, valued at approximately $4,545,798.75. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE WHG traded up $0.10 during mid-day trading on Tuesday, reaching $20.34. 20,669 shares of the company traded hands, compared to its average volume of 39,413. The stock has a fifty day simple moving average of $17.34 and a 200-day simple moving average of $17.15. The firm has a market cap of $193.02 million, a PE ratio of 24.50 and a beta of 0.57. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.97.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s payout ratio is presently 72.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WHG shares. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL acquired a new stake in Westwood Holdings Group during the 4th quarter worth $7,638,000. Geode Capital Management LLC grew its stake in Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after acquiring an additional 94,311 shares during the period. Jane Street Group LLC bought a new stake in shares of Westwood Holdings Group in the first quarter worth about $366,000. Goldman Sachs Group Inc. bought a new stake in shares of Westwood Holdings Group in the first quarter worth about $213,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Westwood Holdings Group by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after purchasing an additional 13,059 shares during the period. 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.