Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 700 Shares

Key Points

• Susan Byrne sold 700 shares of Westwood Holdings Group on April 24 at an average price of $16.14 for $11,298, and now directly owns 294,009 shares (a 0.24% reduction in her position).
• Westwood recently paid a quarterly dividend of $0.15 (annualized $0.60), implying a 3.7% dividend yield with a payout ratio of 75.95%.
• Shares traded up about 2% to $16.34 (market cap ~$154.9M, P/E 20.68) and are 56.64% institutionally owned; Weiss Ratings reaffirmed a "Buy" rating on the stock.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 700 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $16.14, for a total transaction of $11,298.00. Following the transaction, the director directly owned 294,009 shares in the company, valued at approximately $4,745,305.26. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Westwood Holdings Group Trading Up 2.0%

Shares of NYSE:WHG traded up $0.33 during mid-day trading on Friday, reaching $16.34. The company had a trading volume of 9,568 shares, compared to its average volume of 10,274. The firm has a market cap of $154.86 million, a price-to-earnings ratio of 20.68 and a beta of 0.76. The company's 50-day moving average price is $16.33 and its 200-day moving average price is $16.88. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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 75.95%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Peapod Lane Capital LLC grew its stake in Westwood Holdings Group by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager's stock valued at $1,526,000 after buying an additional 642 shares in the last quarter. Geode Capital Management LLC grew its stake in Westwood Holdings Group by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager's stock valued at $2,808,000 after buying an additional 896 shares in the last quarter. Barclays PLC grew its stake in Westwood Holdings Group by 10.6% in the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager's stock valued at $213,000 after buying an additional 1,190 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Westwood Holdings Group by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 274,516 shares of the asset manager's stock valued at $4,724,000 after buying an additional 1,428 shares in the last quarter. Finally, Garner Asset Management Corp grew its stake in Westwood Holdings Group by 1.5% in the 3rd quarter. Garner Asset Management Corp now owns 135,211 shares of the asset manager's stock valued at $2,230,000 after buying an additional 2,027 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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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