Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 7,129 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 7,129 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $20.03, for a total transaction of $142,793.87. Following the completion of the sale, the director owned 240,108 shares in the company, valued at $4,809,363.24. The trade was a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

NYSE WHG traded down $1.11 on Tuesday, reaching $19.04. 32,847 shares of the company’s stock traded hands, compared to its average volume of 14,973. The firm has a market cap of $180.66 million, a price-to-earnings ratio of 22.94 and a beta of 0.61. The stock has a 50 day moving average price of $16.94 and a 200-day moving average price of $17.06. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.97.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WHG. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered 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 MarketBeat, Westwood Holdings Group has an average rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $7,638,000. Geode Capital Management LLC increased its stake in shares of Westwood Holdings Group by 141.0% in the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after purchasing an additional 94,311 shares in the last quarter. Jane Street Group LLC acquired a new position in Westwood Holdings Group in the 1st quarter worth about $366,000. Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group in the 1st quarter worth about $213,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Westwood Holdings Group by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after purchasing an additional 13,059 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.