Westwood Holdings Group Inc (NYSE:WHG) Announces $0.15 Quarterly Dividend

Key Points

• Westwood declared a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record on June 1, implying a roughly 3.6% yield.
• Insiders have been selling: CEO Brian O. Casey sold 18,943 shares and insiders sold 57,504 shares (≈$935,439) over the last 90 days, with insiders still owning 17.4% of the company.
• The firm reported quarterly EPS of $0.31 on $24.97 million in revenue, and its stock traded at $16.50 (market cap ≈ $156.4M, P/E 20.75) on the report.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.15 per share by the asset manager on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st.

Westwood Holdings Group has raised its dividend payment by an average of 0.1%per year over the last three years.

Westwood Holdings Group Stock Up 0.4%

Shares of NYSE WHG traded up $0.06 on Friday, hitting $16.50. The company had a trading volume of 254 shares, compared to its average volume of 10,172. Westwood Holdings Group has a 12-month low of $14.51 and a 12-month high of $18.99. The firm has a market capitalization of $156.42 million, a P/E ratio of 20.75 and a beta of 0.76. The business has a 50 day moving average of $16.27 and a two-hundred day moving average of $16.89.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The asset manager reported $0.31 EPS for the quarter. Westwood Holdings Group had a return on equity of 8.24% and a net margin of 7.22%.The firm had revenue of $24.97 million for the quarter.

Insider Activity at Westwood Holdings Group

In other news, CEO Brian O. Casey sold 18,943 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $16.22, for a total transaction of $307,255.46. Following the transaction, the chief executive officer owned 530,610 shares of the company's stock, valued at approximately $8,606,494.20. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adrian Helfert sold 10,772 shares of Westwood Holdings Group stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $16.22, for a total value of $174,721.84. Following the completion of the transaction, the insider owned 162,751 shares of the company's stock, valued at $2,639,821.22. This trade represents a 6.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,504 shares of company stock worth $935,439 over the last 90 days. Company insiders own 17.40% of the company's stock.

Hedge Funds Weigh In On Westwood Holdings Group

Several large investors have recently added to or reduced their stakes in WHG. Goldman Sachs Group Inc. bought a new position in Westwood Holdings Group in the 1st quarter worth approximately $213,000. Empowered Funds LLC raised its holdings in shares of Westwood Holdings Group by 8.7% during the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock worth $466,000 after acquiring an additional 2,291 shares in the last quarter. Jane Street Group LLC bought a new stake in Westwood Holdings Group in the first quarter worth approximately $366,000. Geode Capital Management LLC lifted its holdings in 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 worth $2,515,000 after purchasing an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager's stock valued at $118,000 after purchasing an additional 6,990 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors.

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.

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