Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $89,082.28 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,481 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $19.88, for a total transaction of $89,082.28. Following the transaction, the director owned 230,444 shares in the company, valued at approximately $4,581,226.72. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Price Performance

Shares of Westwood Holdings Group stock opened at $19.18 on Friday. The firm’s fifty day simple moving average is $17.43 and its 200-day simple moving average is $17.16. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $20.97. The stock has a market capitalization of $182.02 million, a price-to-earnings ratio of 23.11 and a beta of 0.57.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WHG. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwood Holdings Group presently has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Westwood Holdings Group by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after purchasing an additional 6,302 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Westwood Holdings Group in the 4th quarter valued at approximately $7,638,000. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 11,223 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Westwood Holdings Group by 2.4% during the first quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after acquiring an additional 8,816 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in 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 worth $4,607,000 after acquiring an additional 5,169 shares during the period. Institutional investors and hedge funds 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.