Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,549 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,549 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $18.35, for a total value of $28,424.15. Following the transaction, the director owned 256,811 shares of the company’s stock, valued at $4,712,481.85. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of WHG stock opened at $18.10 on Tuesday. The stock has a market cap of $171.77 million, a PE ratio of 21.81 and a beta of 0.61. The stock has a 50-day moving average of $16.68 and a 200-day moving average of $16.97. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99.

Westwood Holdings Group Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Westwood Holdings Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after acquiring an additional 6,302 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group in the 4th quarter valued at about $7,638,000. Vanguard Group Inc. lifted its stake in Westwood Holdings Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock valued at $6,551,000 after purchasing an additional 11,223 shares during the last quarter. North Star Investment Management Corp. grew its holdings in Westwood Holdings Group by 2.4% during the first quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after purchasing an additional 8,816 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Westwood Holdings Group by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after buying an additional 5,169 shares during the last quarter. 56.64% of the stock is owned by institutional investors.

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.