Westwood Holdings Group Inc (NYSE:WHG) Plans $0.15 Quarterly Dividend

Westwood Holdings Group Inc (NYSE:WHG) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, March 3rd will be given a dividend of 0.15 per share by the asset manager on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 3rd.

Westwood Holdings Group has raised its dividend payment by an average of 0.1%annually over the last three years.

Westwood Holdings Group Stock Down 1.3%

Shares of WHG opened at $16.95 on Friday. The business has a 50-day simple moving average of $17.71 and a two-hundred day simple moving average of $17.22. Westwood Holdings Group has a 52 week low of $14.00 and a 52 week high of $18.99. The stock has a market cap of $159.45 million, a price-to-earnings ratio of 21.45 and a beta of 0.76.

Insider Buying and Selling

In other Westwood Holdings Group news, CEO Brian O. Casey sold 8,341 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total value of $138,043.55. Following the completion of the transaction, the chief executive officer directly owned 492,359 shares in the company, valued at $8,148,541.45. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 11,456 shares of company stock valued at $189,201. 8.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group during the second quarter worth $63,000. Raymond James Financial Inc. purchased a new stake in Westwood Holdings Group in the 2nd quarter worth $85,000. New York State Common Retirement Fund bought a new position in shares of Westwood Holdings Group during the 2nd quarter valued at about $98,000. JPMorgan Chase & Co. grew its position in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of 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.

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.