Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 991 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 991 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $16.27, for a total value of $16,123.57. Following the completion of the transaction, the director owned 286,000 shares of the company’s stock, valued at $4,653,220. The trade was a 0.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

NYSE:WHG traded down $0.04 during trading hours on Wednesday, hitting $16.16. The company’s stock had a trading volume of 12,009 shares, compared to its average volume of 10,881. The business’s 50-day moving average is $16.20 and its two-hundred day moving average is $16.89. The company has a market capitalization of $153.36 million, a PE ratio of 19.47 and a beta of 0.62. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99.

Westwood Holdings Group Dividend Announcement

The company 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 $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.7%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Several large investors have recently bought and sold shares of WHG. Goldman Sachs Group Inc. acquired a new stake in Westwood Holdings Group in the first quarter valued at $213,000. Empowered Funds LLC grew its holdings in Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after purchasing an additional 2,291 shares during the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group in the first quarter valued at $366,000. Geode Capital Management LLC grew its holdings 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 purchasing an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 6,990 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.