Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,500 Shares

Key Points

• Director Susan Byrne sold 1,500 shares on April 15 at an average price of $16.45 for $24,675, leaving her with 297,244 shares (a 0.50% reduction in her position).
• Quarterly dividend of $0.15 was paid April 1 (annualized $0.60), equating to a 3.7% yield and a payout ratio of about 75.95%.
• Shares traded down about 1.5% to $16.15 on below-average volume; Weiss Ratings reissued a "Buy" and the stock carries a MarketBeat consensus "Buy," with institutions owning roughly 56.6% after recent modest inflows.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $16.45, for a total transaction of $24,675.00. Following the completion of the transaction, the director owned 297,244 shares in the company, valued at approximately $4,889,663.80. This represents a 0.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Westwood Holdings Group Stock Down 1.5%

Shares of NYSE WHG traded down $0.24 during midday trading on Thursday, hitting $16.15. The stock had a trading volume of 5,470 shares, compared to its average volume of 10,526. The business's 50 day moving average is $16.48 and its 200-day moving average is $16.89. The company has a market cap of $153.07 million, a P/E ratio of 20.44 and a beta of 0.76. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd were issued 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 of this dividend was Tuesday, March 3rd. Westwood Holdings Group's payout ratio is presently 75.95%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Westwood Holdings Group during the 2nd quarter valued at about $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group in the second quarter worth $85,000. New York State Common Retirement Fund purchased a new stake in shares of Westwood Holdings Group in the second quarter worth $98,000. JPMorgan Chase & Co. increased its stake 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 worth $118,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager's stock worth $173,000 after purchasing an additional 2,861 shares in the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

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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