Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $20,914.47 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,091 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $19.17, for a total transaction of $20,914.47. Following the completion of the transaction, the director directly owned 239,017 shares of the company’s stock, valued at approximately $4,581,955.89. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of WHG opened at $19.75 on Friday. The stock has a market capitalization of $187.47 million, a PE ratio of 23.80 and a beta of 0.57. The company’s fifty day moving average is $17.11 and its 200 day moving average is $17.11. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.97.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group in the 2nd quarter worth about $63,000. Raymond James Financial Inc. purchased a new stake in Westwood Holdings Group in the 2nd quarter worth about $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group in the 2nd quarter worth about $98,000. JPMorgan Chase & Co. lifted its stake in 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 worth $118,000 after purchasing an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in 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 worth $173,000 after purchasing an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.