Westwood Holdings Group (NYSE:WHG) Director Sells 7,129 Shares of Stock

by · The Cerbat Gem

Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 7,129 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $20.03, for a total value of $142,793.87. Following the transaction, the director directly owned 240,108 shares of the company’s stock, valued at approximately $4,809,363.24. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Westwood Holdings Group stock traded down $1.11 during trading on Tuesday, reaching $19.04. The company had a trading volume of 32,847 shares, compared to its average volume of 14,973. The firm’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $17.06. Westwood Holdings Group Inc has a 1-year low of $14.70 and a 1-year high of $20.97. The firm has a market capitalization of $180.66 million, a PE ratio of 22.94 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The business 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. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on WHG shares. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Analysis on Westwood Holdings Group

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHG. Gamco Investors INC. ET AL acquired a new stake in Westwood Holdings Group during the 4th quarter worth $7,638,000. Geode Capital Management LLC raised its position in shares of Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Westwood Holdings Group in the first quarter valued at about $366,000. Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group in the first quarter worth about $213,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Westwood Holdings Group by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after buying an additional 13,059 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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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