Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells $10,681.44 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 616 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $17.34, for a total transaction of $10,681.44. Following the transaction, the director owned 275,228 shares of the company’s stock, valued at approximately $4,772,453.52. This represents a 0.22% decrease in their position. The sale was disclosed in a legal 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 NYSE:WHG opened at $17.58 on Friday. The firm has a fifty day moving average price of $16.43 and a 200 day moving average price of $16.90. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $18.99. The firm has a market cap of $166.82 million, a price-to-earnings ratio of 21.18 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

A number of hedge funds have recently bought and sold shares of the business. Peapod Lane Capital LLC raised its stake in Westwood Holdings Group by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock valued at $1,526,000 after purchasing an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock valued at $184,000 after purchasing an additional 692 shares in the last quarter. Geode Capital Management LLC raised its stake in Westwood Holdings Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock valued at $2,808,000 after purchasing an additional 896 shares in the last quarter. Bank of America Corp DE raised its stake in Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Westwood Holdings Group by 10.6% in the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock valued at $213,000 after acquiring an additional 1,190 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WHG. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company 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.