Insider Selling: Westwood Holdings Group (NYSE:WHG) Director Sells 1,000 Shares of Stock

Key Points

• Westwood Holdings Group director Susan Byrne sold 1,000 shares on May 7 at an average price of $16.06, for a total of $16,060. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• WHG shares were little changed in Friday trading, closing at $16.37 on volume slightly above average. The company has a market cap of about $155.33 million and offers a 3.7% dividend yield after recently declaring a quarterly payout of $0.15 per share.
• Analysts and institutional investors remain constructive on the stock, with Weiss Ratings reiterating a buy rating and MarketBeat showing a consensus Buy. Several hedge funds and asset managers also increased or initiated positions in recent quarters.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $16.06, for a total transaction of $16,060.00. Following the sale, the director owned 288,467 shares of the company's stock, valued at $4,632,780.02. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE:WHG traded down $0.01 during trading on Friday, hitting $16.37. 11,347 shares of the company were exchanged, compared to its average volume of 10,858. The stock has a market capitalization of $155.33 million, a P/E ratio of 19.72 and a beta of 0.62. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99. The firm's 50 day moving average price is $16.25 and its 200-day moving average price is $16.89.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group's payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, the company currently has a consensus rating of "Buy".

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors have recently modified their holdings of WHG. Goldman Sachs Group Inc. acquired a new position in shares of Westwood Holdings Group in the 1st quarter valued at $213,000. Empowered Funds LLC increased its holdings in shares of Westwood Holdings Group by 8.7% in the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock valued at $466,000 after acquiring an additional 2,291 shares during the period. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group in the 1st quarter valued at $366,000. Geode Capital Management LLC increased its holdings in shares of Westwood Holdings Group by 141.0% in the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager's stock valued at $2,515,000 after acquiring an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager's stock valued at $118,000 after acquiring an additional 6,990 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

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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