Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 1,900 Shares of Stock
by Tristan Rich · The Markets DailyWestwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 1,900 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $17.46, for a total transaction of $33,174.00. Following the completion of the transaction, the director directly owned 272,721 shares of the company’s stock, valued at $4,761,708.66. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Trading Up 2.5%
Shares of WHG stock traded up $0.43 on Tuesday, hitting $17.46. The stock had a trading volume of 23,752 shares, compared to its average volume of 11,376. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The firm has a market cap of $165.65 million, a P/E ratio of 21.03 and a beta of 0.61. The company has a fifty day moving average price of $16.39 and a two-hundred day moving average price of $16.88.
Westwood Holdings Group Dividend Announcement
The company 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 $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Westwood Holdings Group’s payout ratio is 72.29%.
Institutional Investors Weigh In On Westwood Holdings Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peapod Lane Capital LLC lifted its position in Westwood Holdings Group by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after buying an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position 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 worth $184,000 after buying an additional 692 shares in the last quarter. Geode Capital Management LLC lifted its position in Westwood Holdings Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after buying an additional 896 shares in the last quarter. Bank of America Corp DE lifted its position in Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after buying an additional 1,018 shares in the last quarter. Finally, Barclays PLC lifted its position in Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock worth $213,000 after buying an additional 1,190 shares in the last quarter. 56.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
WHG has been the subject of a number of research analyst reports. Wall Street Zen raised 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Westwood Holdings Group presently has a consensus rating of “Buy”.
View Our Latest Report on Westwood Holdings Group
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.
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