Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 616 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 275,228 shares in the company, valued at approximately $4,772,453.52. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Trading Up 2.5%
WHG opened at $17.46 on Wednesday. The company has a market cap of $165.65 million, a price-to-earnings ratio of 21.03 and a beta of 0.61. The company’s 50 day moving average is $16.39 and its 200 day moving average is $16.88. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99.
Westwood Holdings Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 yield of 3.4%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.
Wall Street Analyst Weigh In
View Our Latest Report on Westwood Holdings Group
Institutional Investors Weigh In On Westwood Holdings Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after acquiring an additional 1,018 shares during the period. Empowered Funds LLC raised its position 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 valued at $690,000 after buying an additional 3,561 shares during the last quarter. Gabelli Funds LLC raised its position in shares of 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 buying an additional 5,004 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of 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 buying an additional 692 shares during the last quarter. Finally, Sei Investments Co. raised its position 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 during the last quarter. Institutional investors 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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