Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $33,198.36 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,028 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $16.37, for a total value of $33,198.36. Following the sale, the director directly owned 278,674 shares in the company, valued at $4,561,893.38. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.3%

Shares of Westwood Holdings Group stock opened at $16.49 on Friday. The stock’s fifty day moving average is $16.26 and its 200-day moving average is $16.84. The firm has a market capitalization of $156.44 million, a PE ratio of 19.86 and a beta of 0.62. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s payout ratio is 72.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WHG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group during the second quarter valued at $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group during the second quarter valued at $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group during the second quarter valued at $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 buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN raised its position in Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after buying an additional 2,861 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

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.