Rhumbline Advisers Has $515,000 Holdings in Westwood Holdings Group Inc (WHG)
Rhumbline Advisers lessened its holdings in shares of Westwood Holdings Group Inc (NYSE:WHG) by 7.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,077 shares of the asset manager’s stock after selling 695 shares during the quarter. Rhumbline Advisers owned about 0.11% of Westwood Holdings Group worth $515,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cigna Investments Inc. New acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter worth approximately $278,000. Schwab Charles Investment Management Inc. increased its stake in shares of Westwood Holdings Group by 10.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 39,525 shares of the asset manager’s stock valued at $2,241,000 after acquiring an additional 3,865 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Westwood Holdings Group by 12.8% during the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 410 shares during the period. Finally, Strs Ohio increased its stake in shares of Westwood Holdings Group by 2.5% during the second quarter. Strs Ohio now owns 12,100 shares of the asset manager’s stock valued at $685,000 after acquiring an additional 300 shares during the period. 65.09% of the stock is owned by institutional investors.
In other news, Vice Chairman Susan M. Byrne sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total transaction of $960,150.00. Following the transaction, the insider now directly owns 265,593 shares in the company, valued at $17,000,607.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Susan M. Byrne sold 2,613 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $60.01, for a total transaction of $156,806.13. Following the transaction, the insider now owns 283,080 shares in the company, valued at $16,987,630.80. The disclosure for this sale can be found here. Insiders sold a total of 72,227 shares of company stock valued at $4,432,450 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.
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Shares of Westwood Holdings Group Inc (NYSE WHG) opened at 67.75 on Wednesday. The firm has a 50-day moving average price of $61.33 and a 200-day moving average price of $57.32. The firm has a market capitalization of $554.74 million, a P/E ratio of 21.19 and a beta of 1.53. Westwood Holdings Group Inc has a 52-week low of $49.90 and a 52-week high of $68.55.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, September 7th. Westwood Holdings Group’s payout ratio is presently 77.50%.
Separately, ValuEngine raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.
About Westwood Holdings Group
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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