Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 704 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 704 shares of Westwood Holdings Group stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $16.45, for a total value of $11,580.80. Following the completion of the transaction, the director directly owned 301,946 shares in the company, valued at $4,967,011.70. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Westwood Holdings Group Stock Up 1.7%

Shares of NYSE WHG traded up $0.27 during midday trading on Wednesday, hitting $16.48. The stock had a trading volume of 8,677 shares, compared to its average volume of 13,948. The company has a market capitalization of $156.23 million, a price-to-earnings ratio of 20.86 and a beta of 0.76. Westwood Holdings Group Inc has a 1-year low of $14.51 and a 1-year high of $18.99. The company has a fifty day moving average price of $16.68 and a 200 day moving average price of $16.91.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 3rd. Westwood Holdings Group’s payout ratio is currently 75.95%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at about $213,000. Empowered Funds LLC raised its holdings 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 valued at $466,000 after buying an additional 2,291 shares during the period. Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at about $366,000. Geode Capital Management LLC raised its holdings in shares of Westwood Holdings Group by 141.0% during the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the period. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

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.