Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 876 Shares of Stock

by · The Cerbat Gem

Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 876 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $16.46, for a total value of $14,418.96. Following the sale, the director owned 286,991 shares in the company, valued at approximately $4,723,871.86. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG traded down $0.04 during mid-day trading on Wednesday, hitting $16.16. 12,009 shares of the company traded hands, compared to its average volume of 10,881. The firm has a market cap of $153.36 million, a P/E ratio of 19.47 and a beta of 0.62. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The firm’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $16.89.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.7%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group has a consensus rating of “Buy”.

View Our Latest Research Report on Westwood Holdings Group

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group during the 2nd quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new stake in Westwood Holdings Group during the 2nd quarter worth approximately $85,000. New York State Common Retirement Fund acquired a new position in shares of Westwood Holdings Group in the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. grew its position in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after acquiring an additional 2,861 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Westwood Holdings Group Company Profile

(Get Free Report)

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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