Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $17,204.40 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,062 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $16.20, for a total value of $17,204.40. Following the completion of the sale, the director directly owned 280,702 shares of the company’s stock, valued at $4,547,372.40. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $16.49 on Friday. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99. The firm has a market capitalization of $156.44 million, a P/E ratio of 19.86 and a beta of 0.62. The stock has a 50 day moving average price of $16.26 and a 200 day moving average price of $16.84.

Westwood Holdings Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 72.29%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after acquiring an additional 1,018 shares during the last quarter. Empowered Funds LLC increased its holdings in Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock worth $690,000 after purchasing an additional 3,561 shares during the period. Gabelli Funds LLC increased its holdings in Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock worth $1,354,000 after purchasing an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Westwood Holdings Group by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after purchasing an additional 692 shares during the period. Finally, Sei Investments Co. increased its holdings in Westwood Holdings Group by 31.3% during the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock worth $521,000 after purchasing an additional 7,543 shares during the period. 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.