Susan Byrne Sells 2,500 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $18.45, for a total value of $46,125.00. Following the transaction, the director directly owned 253,311 shares in the company, valued at $4,673,587.95. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG traded up $0.22 during trading on Thursday, reaching $18.29. The company had a trading volume of 14,344 shares, compared to its average volume of 13,074. The firm’s fifty day moving average is $16.76 and its 200 day moving average is $17.00. The firm has a market capitalization of $173.57 million, a PE ratio of 22.04 and a beta of 0.61. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Analysts Set New Price Targets

Several brokerages have issued reports on WHG. Weiss Ratings downgraded 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 Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group has a consensus rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in Westwood Holdings Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock worth $9,749,000 after purchasing an additional 6,302 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Westwood Holdings Group during the fourth quarter valued at about $7,638,000. Vanguard Group Inc. lifted its position in shares of Westwood Holdings Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager’s stock worth $6,551,000 after buying an additional 11,223 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of Westwood Holdings Group by 2.4% in the first quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager’s stock worth $6,272,000 after buying an additional 8,816 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 in the last quarter. 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.