Westwood Holdings Group Inc (WHG) to Issue Quarterly Dividend of $0.15 on October 1st

Westwood Holdings Group Inc (NYSE:WHG) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.15 per share by the asset manager on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Westwood Holdings Group has increased its dividend by an average of 0.1%per year over the last three years.

Westwood Holdings Group Stock Performance

WHG opened at $19.81 on Friday. The stock has a market capitalization of $187.96 million, a PE ratio of 22.51 and a beta of 0.56. The stock’s 50 day moving average price is $19.42 and its 200-day moving average price is $17.56. Westwood Holdings Group has a 52-week low of $14.70 and a 52-week high of $20.97.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.33 EPS for the quarter. The company had revenue of $25.34 million during the quarter. Westwood Holdings Group had a return on equity of 8.10% and a net margin of 7.73%.

Insider Activity at Westwood Holdings Group

In other news, Director Susan M. Byrne sold 4,481 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $19.88, for a total value of $89,082.28. Following the sale, the director directly owned 230,444 shares of the company’s stock, valued at $4,581,226.72. This represents a 1.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 46,598 shares of company stock worth $868,079. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WHG. Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group in the first quarter worth about $213,000. Empowered Funds LLC lifted its holdings in shares of Westwood Holdings Group by 8.7% during the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after purchasing an additional 2,291 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Westwood Holdings Group during the first quarter valued at approximately $366,000. Geode Capital Management LLC boosted 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares in the last quarter. 56.64% of the stock is 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.