Susan Byrne Sells 1,666 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHGGet Free Report) Director Susan Byrne sold 1,666 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $16.21, for a total transaction of $27,005.86. Following the transaction, the director owned 281,764 shares in the company, valued at approximately $4,567,394.44. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.1%

WHG traded up $0.01 during trading on Thursday, hitting $16.38. The company’s stock had a trading volume of 11,655 shares, compared to its average volume of 11,034. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99. The firm has a market cap of $155.47 million, a PE ratio of 19.74 and a beta of 0.62. The business’s 50 day simple moving average is $16.21 and its 200-day simple moving average is $16.85.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 annualized dividend and a yield of 3.7%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Analysts Set New Price Targets

WHG has been the topic of several recent research reports. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Read Our Latest Research Report on WHG

Institutional Trading of Westwood Holdings Group

A number of hedge funds and other institutional investors have recently modified their holdings of WHG. Gamco Investors INC. ET AL purchased a new stake in shares of Westwood Holdings Group in the fourth quarter worth $7,638,000. Geode Capital Management LLC increased its stake in shares of Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock worth $2,515,000 after purchasing an additional 94,311 shares in the last quarter. Settian Capital LP increased its stake in shares of Westwood Holdings Group by 9.4% in the third quarter. Settian Capital LP now owns 470,515 shares of the asset manager’s stock worth $7,759,000 after purchasing an additional 40,507 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group in the first quarter worth $366,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group in the first quarter worth $213,000. 56.64% of the stock is owned by hedge funds and other institutional investors.

About Westwood Holdings Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Westwood Holdings Group (NYSE:WHG)

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