Westwood Holdings Group (NYSE:WHG) Director Sells $14,418.96 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 876 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $16.46, for a total value of $14,418.96. Following the completion of the sale, the director directly owned 286,991 shares of the company’s stock, valued at $4,723,871.86. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 1.4%

Shares of WHG opened at $15.84 on Friday. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The company has a market capitalization of $150.35 million, a PE ratio of 19.09 and a beta of 0.62. The stock has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $16.87.

Westwood Holdings Group Dividend Announcement

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 paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Trading of Westwood Holdings Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Settian Capital LP increased its position in shares of Westwood Holdings Group by 9.4% during the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock worth $7,759,000 after purchasing an additional 40,507 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Westwood Holdings Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after acquiring an additional 5,169 shares during the period. Gabelli Funds LLC boosted its holdings in Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after acquiring an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in 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. Finally, Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $9,749,000 after acquiring an additional 6,302 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on WHG shares. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

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.