Adrian Helfert Sells 10,772 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) insider Adrian Helfert sold 10,772 shares of Westwood Holdings Group stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $16.22, for a total value of $174,721.84. Following the transaction, the insider owned 162,751 shares of the company’s stock, valued at $2,639,821.22. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Westwood Holdings Group Stock Performance

WHG stock opened at $15.78 on Friday. The stock’s 50 day moving average price is $17.38 and its 200 day moving average price is $17.08. The firm has a market cap of $149.66 million, a P/E ratio of 19.97 and a beta of 0.72. Westwood Holdings Group Inc has a 1 year low of $14.37 and a 1 year high of $18.99.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Westwood Holdings Group’s payout ratio is 75.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Trending Headlines about Westwood Holdings Group

Here are the key news stories impacting Westwood Holdings Group this week:

• Negative Sentiment: Multiple senior insiders sold shares the same day — CEO Brian O. Casey sold 18,943 shares (~$307,255), reducing his stake by ~3.45%. Read More.
• Negative Sentiment: President Fabian Gomez sold 6,223 shares (~$100,937), a ~4.83% cut to his holdings. Read More.
• Negative Sentiment: Other officers also sold: Adrian Helfert sold 10,772 shares (~$174,722, ~6.21% of his position) and Matthew Lockridge sold 5,379 shares (~$87,247, ~6.46% of his position). Read More. Read More.
• Negative Sentiment: CFO Murray Forbes III sold 2,859 shares (~$46,373), a ~4.16% reduction to his stake. Read More.

Institutional Trading of Westwood Holdings Group

A number of hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group in the 2nd quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in shares of Westwood Holdings Group during the 2nd quarter worth $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group during the second quarter worth $98,000. JPMorgan Chase & Co. boosted its holdings in shares of Westwood Holdings Group by 1,277.9% during the second 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 during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after purchasing an additional 2,861 shares during the period. Institutional investors and hedge funds 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.