Westwood Holdings Group (NYSE:WHG) Director Sells $31,590.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,800 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.55, for a total transaction of $31,590.00. Following the sale, the director directly owned 270,921 shares of the company’s stock, valued at approximately $4,754,663.55. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed 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 Performance

Shares of WHG stock traded up $0.25 during mid-day trading on Friday, reaching $17.84. 63,748 shares of the company’s stock traded hands, compared to its average volume of 12,108. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $18.99. The firm has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $16.90. The firm has a market capitalization of $169.34 million, a PE ratio of 21.50 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend yield of 3.4%. Westwood Holdings Group’s payout ratio is presently 72.29%.

Wall Street Analyst Weigh In

WHG has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of 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, According to data from MarketBeat, the company has an average rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in 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 buying an additional 1,018 shares during the period. Empowered Funds LLC boosted its holdings in 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 buying an additional 3,561 shares during the period. Gabelli Funds LLC boosted its holdings in 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 buying an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in 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 buying an additional 692 shares during the period. Finally, Sei Investments Co. boosted its holdings in 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 buying an additional 7,543 shares during the period. Institutional investors own 56.64% of the company’s stock.

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.