Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 994 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $16.28, for a total transaction of $16,182.32. Following the transaction, the director directly owned 291,122 shares in the company, valued at approximately $4,739,466.16. The trade was a 0.34% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Up 0.3%
Shares of NYSE WHG opened at $16.22 on Thursday. The firm has a market cap of $153.95 million, a price-to-earnings ratio of 19.54 and a beta of 0.62. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The company’s 50-day simple moving average is $16.26 and its 200-day simple moving average is $16.89.
Westwood Holdings Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on WHG
Institutional Investors Weigh In On Westwood Holdings Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Westwood Holdings Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after buying an additional 6,302 shares during the period. Settian Capital LP raised its holdings in shares of Westwood Holdings Group by 9.4% in the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock valued at $7,759,000 after buying an additional 40,507 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Westwood Holdings Group during the fourth quarter worth about $7,638,000. Vanguard Group Inc. grew its holdings in shares of Westwood Holdings Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock valued at $6,551,000 after purchasing an additional 11,223 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in Westwood Holdings Group by 2.4% during the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after buying an additional 8,816 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.
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.
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