Susan Byrne Sells 1,062 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,062 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $16.20, for a total value of $17,204.40. Following the transaction, the director owned 280,702 shares of the company’s stock, valued at approximately $4,547,372.40. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.3%

WHG opened at $16.49 on Friday. The business has a fifty day moving average of $16.26 and a 200 day moving average of $16.84. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The stock has a market cap of $156.41 million, a P/E ratio of 19.86 and a beta of 0.62.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after acquiring an additional 1,018 shares in the last quarter. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 9.3% in the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock worth $690,000 after acquiring an additional 3,561 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Westwood Holdings Group by 6.5% in the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock worth $1,354,000 after acquiring an additional 5,004 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Westwood Holdings Group by 6.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after acquiring an additional 692 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Westwood Holdings Group by 31.3% in the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after acquiring an additional 7,543 shares in the last quarter. 56.64% of the stock is owned by institutional investors.

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.