Westwood Holdings Group (NYSE:WHG) CEO Sells $307,255.46 in Stock

Westwood Holdings Group Inc (NYSE:WHG) CEO Brian Casey sold 18,943 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total value of $307,255.46. Following the completion of the transaction, the chief executive officer owned 530,610 shares of the company’s stock, valued at $8,606,494.20. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $15.78 on Monday. The company has a market capitalization of $149.59 million, a P/E ratio of 19.97 and a beta of 0.72. The company’s 50 day moving average price is $17.38 and its two-hundred day moving average price is $17.08. Westwood Holdings Group Inc has a 52 week low of $14.37 and a 52 week high of $18.99.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 3rd 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 3.8%. The ex-dividend date is Tuesday, March 3rd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 75.95%.

Key Stories Impacting Westwood Holdings Group

Here are the key news stories impacting Westwood Holdings Group this week:

• Negative Sentiment: Multiple senior insiders sold shares the same day — CEO Brian O. Casey sold 18,943 shares (~$307,255), reducing his stake by ~3.45%. Read More.
• Negative Sentiment: President Fabian Gomez sold 6,223 shares (~$100,937), a ~4.83% cut to his holdings. Read More.
• Negative Sentiment: Other officers also sold: Adrian Helfert sold 10,772 shares (~$174,722, ~6.21% of his position) and Matthew Lockridge sold 5,379 shares (~$87,247, ~6.46% of his position). Read More. Read More.
• Negative Sentiment: CFO Murray Forbes III sold 2,859 shares (~$46,373), a ~4.16% reduction to his stake. Read More.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently bought and sold shares of WHG. Gamco Investors INC. ET AL acquired a new stake in shares of Westwood Holdings Group in the fourth quarter valued at approximately $7,638,000. Geode Capital Management LLC grew its position in 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 purchasing an additional 94,311 shares in the last quarter. Settian Capital LP increased its stake in Westwood Holdings Group by 9.4% in the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after buying an additional 40,507 shares during the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group in the 1st quarter valued at $366,000. Finally, Goldman Sachs Group Inc. bought a new stake in Westwood Holdings Group during the 1st quarter worth about $213,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.