Insider Selling: Westwood Holdings Group (NYSE:WHG) CEO Sells 8,341 Shares of Stock

by · The Markets Daily

Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) CEO Brian Casey sold 8,341 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total value of $138,043.55. Following the transaction, the chief executive officer owned 492,359 shares in the company, valued at $8,148,541.45. The trade was a 1.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Westwood Holdings Group Stock Up 3.2%

Shares of Westwood Holdings Group stock traded up $0.53 during trading on Thursday, reaching $16.93. The company’s stock had a trading volume of 16,659 shares, compared to its average volume of 19,872. The business’s 50-day moving average price is $16.47 and its 200-day moving average price is $16.63. Westwood Holdings Group Inc has a 52 week low of $13.49 and a 52 week high of $18.97. The firm has a market cap of $159.31 million, a PE ratio of 20.65 and a beta of 0.84.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 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 3.5%. The ex-dividend date is Monday, December 1st. Westwood Holdings Group’s dividend payout ratio is presently 73.17%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. bought a new position in Westwood Holdings Group in the second quarter valued at approximately $85,000. New York State Common Retirement Fund bought a new position in Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 6,990 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group during the first quarter valued at approximately $213,000. 56.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Westwood Holdings Group in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on Westwood Holdings Group

About Westwood Holdings Group

(Get Free Report)

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.

See Also