Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $77,994.62 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,367 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.86, for a total value of $77,994.62. Following the completion of the sale, the director owned 263,254 shares of the company’s stock, valued at $4,701,716.44. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of WHG opened at $18.45 on Friday. The stock has a market capitalization of $175.09 million, a PE ratio of 22.23 and a beta of 0.61. The business’s fifty day moving average price is $16.61 and its 200 day moving average price is $16.94. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WHG shares. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Trading of Westwood Holdings Group

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Westwood Holdings Group in the 2nd quarter valued at about $63,000. Raymond James Financial Inc. acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. raised its holdings in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after buying an additional 2,861 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.