Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 1,634 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.29, for a total value of $29,885.86. Following the sale, the director directly owned 258,710 shares of the company’s stock, valued at approximately $4,731,805.90. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Performance
Westwood Holdings Group stock opened at $18.14 on Wednesday. The firm has a 50 day moving average price of $16.53 and a 200 day moving average price of $16.92. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $18.99. The company has a market capitalization of $172.10 million, a PE ratio of 21.85 and a beta of 0.61.
Westwood Holdings Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid 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 3.3%. Westwood Holdings Group’s payout ratio is presently 72.29%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on WHG
Institutional Investors Weigh In On Westwood Holdings Group
Institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL bought a new stake in Westwood Holdings Group during the 4th quarter valued at $7,638,000. Sei Investments Co. grew its holdings in shares of Westwood Holdings Group by 31.3% during the first quarter. Sei Investments Co. now owns 31,659 shares of the asset manager’s stock valued at $521,000 after buying an additional 7,543 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after purchasing an additional 5,169 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Westwood Holdings Group by 9.3% during the first quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock worth $690,000 after purchasing an additional 3,561 shares during the period. Finally, Gabelli Funds LLC grew its position in Westwood Holdings Group by 6.5% during the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 5,004 shares in the last quarter. 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.
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