Brian Casey Sells 8,341 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) CEO Brian Casey sold 8,341 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total transaction of $138,043.55. Following the completion of the transaction, the chief executive officer owned 492,359 shares in the company, valued at approximately $8,148,541.45. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Westwood Holdings Group Stock Up 4.6%

WHG opened at $17.88 on Friday. The company’s 50-day moving average price is $16.50 and its 200 day moving average price is $16.65. Westwood Holdings Group Inc has a fifty-two week low of $13.49 and a fifty-two week high of $18.97. The firm has a market cap of $168.22 million, a price-to-earnings ratio of 21.81 and a beta of 0.84.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 1st. Westwood Holdings Group’s dividend payout ratio is presently 73.17%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WHG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Westwood Holdings Group in a research note on Monday. Wall Street Zen raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Westwood Holdings Group presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its stake in shares of Westwood Holdings Group by 1.5% during the first quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager’s stock valued at $7,342,000 after purchasing an additional 6,480 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group during the 1st quarter valued at about $213,000. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock worth $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Westwood Holdings Group in the 1st quarter worth approximately $366,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of Westwood Holdings Group by 1.5% in the second quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager’s stock valued at $5,732,000 after acquiring an additional 5,446 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

About Westwood Holdings Group

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.