Westwood Holdings Group (NYSE:WHG) President Fabian Gomez Sells 6,223 Shares

Westwood Holdings Group Inc (NYSE:WHG) President Fabian Gomez sold 6,223 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total value of $100,937.06. Following the transaction, the president owned 122,573 shares of the company’s stock, valued at approximately $1,988,134.06. The trade was a 4.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Westwood Holdings Group Price Performance

Shares of NYSE:WHG traded up $0.27 on Friday, hitting $15.78. 13,759 shares of the company’s stock were exchanged, compared to its average volume of 10,562. The stock has a market capitalization of $149.59 million, a price-to-earnings ratio of 19.97 and a beta of 0.72. Westwood Holdings Group Inc has a 12 month low of $14.37 and a 12 month high of $18.99. The business’s 50 day simple moving average is $17.38 and its two-hundred day simple moving average is $17.09.

Westwood Holdings Group Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of Westwood Holdings Group

A number of hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL purchased a new position in Westwood Holdings Group during the 4th quarter valued at about $7,638,000. Geode Capital Management LLC lifted its position 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 worth $2,515,000 after purchasing an additional 94,311 shares during the period. Settian Capital LP boosted its stake 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 purchasing an additional 40,507 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Westwood Holdings Group during the first quarter valued at approximately $366,000. Finally, Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group during the first quarter valued at approximately $213,000. 56.64% of the stock is owned by hedge funds and other institutional investors.

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.