Westwood Holdings Group (NYSE:WHG) Director Sells $18,433.60 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,124 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.40, for a total transaction of $18,433.60. Following the completion of the transaction, the director owned 277,550 shares of the company’s stock, valued at approximately $4,551,820. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $16.88 on Friday. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $18.99. The stock has a market cap of $160.12 million, a price-to-earnings ratio of 20.33 and a beta of 0.61. The firm has a fifty day moving average of $16.32 and a 200-day moving average of $16.84.

Westwood Holdings Group Announces Dividend

The firm 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. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwood Holdings Group has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Peapod Lane Capital LLC boosted its holdings in shares of 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 valued at $1,526,000 after buying an additional 642 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Westwood Holdings Group by 6.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after buying an additional 692 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Westwood Holdings Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock valued at $2,808,000 after buying an additional 896 shares during the period. Bank of America Corp DE boosted its holdings in shares of Westwood Holdings Group by 1.9% in the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after buying an additional 1,018 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after buying an additional 1,190 shares during the period. 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.