Susan Byrne Sells 1,300 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.32, for a total value of $23,816.00. Following the completion of the sale, the director owned 252,011 shares of the company’s stock, valued at $4,616,841.52. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a 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 Price Performance

NYSE WHG opened at $19.89 on Friday. The firm has a market cap of $188.75 million, a P/E ratio of 23.96 and a beta of 0.61. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $17.03. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $20.34.

Westwood Holdings Group Dividend Announcement

The firm also recently announced 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 yield of 3.0%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of 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 buying an additional 6,302 shares during the period. Gamco Investors INC. ET AL bought a new stake in Westwood Holdings Group in the 4th quarter valued at approximately $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 acquiring an additional 11,223 shares in the last quarter. North Star Investment Management Corp. boosted its position in Westwood Holdings Group by 2.4% during the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after acquiring an additional 8,816 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Westwood Holdings Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after acquiring an additional 5,169 shares during the last quarter. 56.64% of the stock is currently owned by 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.