Susan M. Byrne Sells 2,301 Shares of Westwood Holdings Group Inc (WHG) Stock
Westwood Holdings Group Inc (NYSE:WHG) Vice Chairman Susan M. Byrne sold 2,301 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $62.01, for a total transaction of $142,685.01. Following the completion of the sale, the insider now owns 269,552 shares in the company, valued at $16,714,919.52. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Westwood Holdings Group Inc (NYSE:WHG) opened at 62.12 on Friday. Westwood Holdings Group Inc has a 1-year low of $49.90 and a 1-year high of $63.99. The firm has a 50-day moving average of $59.67 and a 200 day moving average of $56.63. The stock has a market capitalization of $508.64 million, a PE ratio of 19.43 and a beta of 1.52.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.62 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.97%. Westwood Holdings Group’s payout ratio is currently 77.50%.
Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Monday, August 14th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in shares of Westwood Holdings Group by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock worth $205,000 after purchasing an additional 410 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of Westwood Holdings Group in the second quarter worth approximately $246,000. Nationwide Fund Advisors boosted its position in shares of Westwood Holdings Group by 2.1% in the second quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock worth $263,000 after purchasing an additional 95 shares during the period. Cigna Investments Inc. New bought a new position in shares of Westwood Holdings Group in the second quarter worth approximately $278,000. Finally, Voya Investment Management LLC boosted its position in shares of Westwood Holdings Group by 9.3% in the second quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock worth $325,000 after purchasing an additional 486 shares during the period. Institutional investors and hedge funds own 65.09% of the company’s stock.
About Westwood Holdings Group
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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