Susan Byrne Sells 616 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 616 shares of Westwood Holdings Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $17.34, for a total transaction of $10,681.44. Following the completion of the sale, the director directly owned 275,228 shares of the company’s stock, valued at approximately $4,772,453.52. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.6%

WHG stock opened at $17.61 on Thursday. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The company has a fifty day simple moving average of $16.41 and a 200 day simple moving average of $16.89. The firm has a market cap of $167.12 million, a PE ratio of 21.22 and a beta of 0.61.

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 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 yield of 3.4%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Westwood Holdings Group by 1.9% during the 1st 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 period. Empowered Funds LLC increased its holdings in shares of Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock worth $690,000 after purchasing an additional 3,561 shares during the period. Gabelli Funds LLC increased its holdings in shares of Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock worth $1,354,000 after purchasing an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of 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 purchasing an additional 692 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Westwood Holdings Group by 31.3% during the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after purchasing an additional 7,543 shares during the period. Institutional investors own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WHG. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

About Westwood Holdings Group

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.