Westwood Holdings Group (NYSE:WHG) Director Sells 1,000 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $18.31, for a total value of $18,310.00. Following the completion of the transaction, the director owned 255,811 shares of the company’s stock, valued at $4,683,899.41. This represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of Westwood Holdings Group stock traded down $0.48 during trading on Monday, hitting $18.10. 52,922 shares of the company’s stock traded hands, compared to its average volume of 12,837. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The business has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $16.95. The stock has a market capitalization of $171.77 million, a P/E ratio of 21.81 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued 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 (DPR) is presently 72.29%.

Wall Street Analysts Forecast Growth

WHG has been the subject of several research reports. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL bought a new stake in Westwood Holdings Group during the fourth quarter valued at about $7,638,000. Sei Investments Co. lifted its position in shares of Westwood Holdings Group by 31.3% during the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after buying an additional 7,543 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 5,169 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after acquiring an additional 3,561 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of 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. 56.64% of the stock is owned by institutional investors.

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.