Westwood Holdings Group (NYSE:WHG) Director Sells $20,826.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $16.02, for a total transaction of $20,826.00. Following the completion of the transaction, the director directly owned 276,250 shares in the company, valued at $4,425,525. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.49 during midday trading on Tuesday, reaching $16.51. The company had a trading volume of 38,819 shares, compared to its average volume of 13,431. The company has a market capitalization of $156.65 million, a P/E ratio of 19.48 and a beta of 0.62. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99. The firm’s fifty day simple moving average is $16.28 and its 200-day simple moving average is $16.84.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Westwood Holdings Group in the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at $98,000. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $118,000 after buying an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 2,861 shares in the last quarter. 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.