Susan Byrne Sells 1,000 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $18.31, for a total transaction of $18,310.00. Following the completion of the sale, the director directly owned 255,811 shares of the company’s stock, valued at approximately $4,683,899.41. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 2.6%

NYSE:WHG traded down $0.48 on Monday, reaching $18.10. 52,922 shares of the company’s stock traded hands, compared to its average volume of 12,837. The stock has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $16.95. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $18.99. The firm has a market cap of $171.77 million, a PE ratio of 21.81 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group in the fourth quarter worth about $7,638,000. Sei Investments Co. boosted its stake in Westwood Holdings Group by 31.3% during the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after buying an additional 7,543 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Westwood Holdings Group by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after buying an additional 5,169 shares during the last quarter. Empowered Funds LLC grew its holdings in Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after buying an additional 3,561 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after buying an additional 5,004 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

WHG has been the topic of a number of research analyst reports. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently 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.