Susan Byrne Sells 1,800 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $17.55, for a total transaction of $31,590.00. Following the completion of the transaction, the director owned 270,921 shares of the company’s stock, valued at approximately $4,754,663.55. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal 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

NYSE WHG traded up $0.25 during mid-day trading on Friday, reaching $17.84. The stock had a trading volume of 63,748 shares, compared to its average volume of 12,108. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The stock has a market cap of $169.34 million, a PE ratio of 21.50 and a beta of 0.61. The company has a fifty day moving average price of $16.47 and a 200 day moving average price of $16.90.

Westwood Holdings Group Announces Dividend

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 dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group during the 4th quarter valued at $7,638,000. Geode Capital Management LLC grew its position in shares of Westwood Holdings Group by 141.0% during the 2nd 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. Settian Capital LP grew 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 valued at $7,759,000 after acquiring an additional 40,507 shares during the period. Jane Street Group LLC bought a new stake in shares of Westwood Holdings Group during the 1st quarter valued at $366,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Westwood Holdings Group during the 1st quarter valued at $213,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in 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 lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.