Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,091 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,091 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $19.17, for a total value of $20,914.47. Following the transaction, the director owned 239,017 shares of the company’s stock, valued at approximately $4,581,955.89. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

WHG stock traded down $1.11 on Tuesday, reaching $19.04. The company’s stock had a trading volume of 32,847 shares, compared to its average volume of 14,973. Westwood Holdings Group Inc has a 52 week low of $14.70 and a 52 week high of $20.97. The company has a market capitalization of $180.66 million, a P/E ratio of 22.94 and a beta of 0.61. The firm has a fifty day moving average of $16.94 and a two-hundred day moving average of $17.06.

Westwood Holdings Group Announces Dividend

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 dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Trading of Westwood Holdings Group

Hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in shares of Westwood Holdings Group in the fourth quarter worth 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 valued at $2,515,000 after acquiring an additional 94,311 shares in the last quarter. Jane Street Group LLC acquired a new position in Westwood Holdings Group in the 1st quarter worth approximately $366,000. Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group during the 1st quarter worth approximately $213,000. Finally, Allspring Global Investments Holdings LLC grew its position in Westwood Holdings Group by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after purchasing an additional 13,059 shares in the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on WHG shares. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note 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 stock has an average rating of “Buy”.

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.