Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 994 Shares

Key Points

• Director Susan Byrne sold 994 shares on April 30 at an average price of $16.28 for $16,182.32 under a pre-arranged Rule 10b5-1 trading plan, reducing her stake to 291,122 shares (a 0.34% ownership decrease).
• Westwood reported quarterly EPS of $0.31 on $24.97 million in revenue and declared a quarterly dividend of $0.15 (annualized $0.60), implying a ~3.8% yield; the stock traded down about 2% to $15.67 on higher-than-average volume.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 994 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $16.28, for a total transaction of $16,182.32. Following the transaction, the director owned 291,122 shares in the company, valued at approximately $4,739,466.16. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 2.0%

Shares of Westwood Holdings Group stock traded down $0.33 on Monday, hitting $15.67. 29,437 shares of the company traded hands, compared to its average volume of 10,575. The company has a 50-day moving average price of $16.27 and a 200 day moving average price of $16.90. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99. The company has a market cap of $148.50 million, a PE ratio of 18.87 and a beta of 0.62.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The asset manager reported $0.31 EPS for the quarter. Westwood Holdings Group had a net margin of 7.40% and a return on equity of 8.34%. The business had revenue of $24.97 million for the quarter.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group's payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors and hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. lifted its stake in shares of Westwood Holdings Group by 2.4% in the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager's stock valued at $6,272,000 after purchasing an additional 8,816 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Westwood Holdings Group by 9.6% in the 4th quarter. Empowered Funds LLC now owns 38,337 shares of the asset manager's stock valued at $660,000 after purchasing an additional 3,368 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Westwood Holdings Group by 3.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 93,789 shares of the asset manager's stock valued at $1,614,000 after purchasing an additional 3,368 shares during the last quarter. Barclays PLC lifted its stake in shares of 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 purchasing an additional 1,190 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Westwood Holdings Group by 6.7% in the 4th quarter. State Street Corp now owns 86,726 shares of the asset manager's stock valued at $1,505,000 after purchasing an additional 5,447 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus 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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