Westwood Holdings Group (NYSE:WHG) Insider Matthew Lockridge Sells 5,379 Shares

Westwood Holdings Group Inc (NYSE:WHG) insider Matthew Lockridge sold 5,379 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $16.22, for a total value of $87,247.38. Following the transaction, the insider owned 77,900 shares in the company, valued at $1,263,538. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Westwood Holdings Group Price Performance

NYSE:WHG opened at $15.78 on Friday. The company has a market capitalization of $149.59 million, a price-to-earnings ratio of 19.97 and a beta of 0.72. The business has a 50 day moving average of $17.38 and a 200 day moving average of $17.09. Westwood Holdings Group Inc has a 1-year low of $14.37 and a 1-year high of $18.99.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Westwood Holdings Group’s dividend payout ratio is 75.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Settian Capital LP raised its holdings in shares of Westwood Holdings Group by 9.4% during the third quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after acquiring an additional 40,507 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 593,753 shares of the asset manager’s stock worth $9,797,000 after acquiring an additional 5,033 shares during the period. North Star Investment Management Corp. boosted its holdings in Westwood Holdings Group by 1.2% in the fourth quarter. North Star Investment Management Corp. now owns 371,993 shares of the asset manager’s stock valued at $6,402,000 after acquiring an additional 4,516 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in Westwood Holdings Group by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock valued at $1,526,000 after acquiring an additional 642 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Westwood Holdings Group by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 10,191 shares of the asset manager’s stock valued at $168,000 after acquiring an additional 2,654 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

More Westwood Holdings Group News

Here are the key news stories impacting Westwood Holdings Group this week:

• Negative Sentiment: Multiple senior insiders sold shares the same day — CEO Brian O. Casey sold 18,943 shares (~$307,255), reducing his stake by ~3.45%. Read More.
• Negative Sentiment: President Fabian Gomez sold 6,223 shares (~$100,937), a ~4.83% cut to his holdings. Read More.
• Negative Sentiment: Other officers also sold: Adrian Helfert sold 10,772 shares (~$174,722, ~6.21% of his position) and Matthew Lockridge sold 5,379 shares (~$87,247, ~6.46% of his position). Read More. Read More.
• Negative Sentiment: CFO Murray Forbes III sold 2,859 shares (~$46,373), a ~4.16% reduction to his stake. Read More.

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.