Westwood Holdings Group (NYSE:WHG) Insider Adrian Helfert Sells 10,772 Shares

Westwood Holdings Group Inc (NYSE:WHG) insider Adrian Helfert sold 10,772 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $16.22, for a total transaction of $174,721.84. Following the completion of the sale, the insider directly owned 162,751 shares of the company’s stock, valued at $2,639,821.22. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Westwood Holdings Group Stock Up 1.7%

Shares of WHG traded up $0.27 during mid-day trading on Friday, hitting $15.78. 13,759 shares of the company’s stock were exchanged, compared to its average volume of 10,562. The stock has a market cap of $149.59 million, a price-to-earnings ratio of 19.97 and a beta of 0.72. The firm has a fifty day moving average of $17.38 and a two-hundred day moving average of $17.09. Westwood Holdings Group Inc has a twelve month low of $14.37 and a twelve month high of $18.99.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Westwood Holdings Group’s dividend payout ratio is presently 75.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group in the second quarter valued at approximately $63,000. Raymond James Financial Inc. bought a new stake in shares of Westwood Holdings Group during the 2nd quarter worth $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group in the 2nd quarter valued at $98,000. JPMorgan Chase & Co. grew its stake in Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after acquiring an additional 2,861 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.