Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 3,584 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,584 shares of Westwood Holdings Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $19.35, for a total transaction of $69,350.40. Following the completion of the transaction, the director directly owned 234,925 shares of the company’s stock, valued at $4,545,798.75. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.5%

Shares of WHG opened at $20.34 on Wednesday. The firm has a market cap of $193.02 million, a P/E ratio of 24.50 and a beta of 0.57. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $20.97. The stock’s 50 day moving average is $17.34 and its two-hundred day moving average is $17.15.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s payout ratio is 72.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group presently has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Several hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC lifted its stake in Westwood Holdings Group by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after acquiring an additional 642 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Westwood Holdings Group by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after buying an additional 692 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Westwood Holdings Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after acquiring an additional 896 shares in the last quarter. Bank of America Corp DE lifted its stake in Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Barclays PLC increased its stake in Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after purchasing an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.