Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 2,500 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $18.45, for a total value of $46,125.00. Following the completion of the transaction, the director directly owned 253,311 shares in the company, valued at $4,673,587.95. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE WHG opened at $18.29 on Friday. The stock has a market cap of $173.57 million, a PE ratio of 22.04 and a beta of 0.61. Westwood Holdings Group Inc has a 1 year low of $14.70 and a 1 year high of $18.99. The firm has a fifty day moving average price of $16.79 and a 200-day moving average price of $17.01.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is presently 72.29%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WHG shares. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group in the 1st quarter worth approximately $213,000. Empowered Funds LLC raised its holdings in 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 Westwood Holdings Group during the 1st quarter valued at $366,000. Geode Capital Management LLC lifted its position in Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock worth $2,515,000 after buying an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the last quarter. Institutional investors own 56.64% of the company’s stock.

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.