Key Points
- CEO Brian Casey sold 1,351 shares at an average of $16.44 for $22,210.44 on Dec. 5, trimming his stake by 0.27%; he still directly owns 504,066 shares (≈$8.29M).
- Westwood declared a quarterly dividend of $0.15 (ex-dividend Dec. 1, paid Jan. 2), equal to a $0.60 annualized payout and a 3.7% yield with a 73.17% payout ratio.
- The stock trades in a one-year range of $13.49–$18.97, has a market cap of $153.4M and a PE of 19.88, with an average analyst rating of Hold and 56.64% institutional ownership.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) CEO Brian Casey sold 1,351 shares of the business's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $16.44, for a total transaction of $22,210.44. Following the completion of the sale, the chief executive officer directly owned 504,066 shares of the company's stock, valued at approximately $8,286,845.04. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Westwood Holdings Group Price Performance
Shares of NYSE WHG opened at $16.30 on Tuesday. Westwood Holdings Group Inc has a 1-year low of $13.49 and a 1-year high of $18.97. The stock has a fifty day moving average price of $16.47 and a 200 day moving average price of $16.62. The company has a market cap of $153.38 million, a PE ratio of 19.88 and a beta of 0.84.
Westwood Holdings Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a $0.15 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. Westwood Holdings Group's dividend payout ratio is currently 73.17%.
Wall Street Analysts Forecast Growth
Several research firms have commented on WHG. Wall Street Zen raised shares of Westwood Holdings Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Weiss Ratings cut shares of Westwood Holdings Group from a "buy (b)" rating to a "hold (c)" rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
Read Our Latest Analysis on Westwood Holdings Group
Hedge Funds Weigh In On Westwood Holdings Group
A number of hedge funds have recently modified their holdings of WHG. Gamco Investors INC. ET AL lifted its position in shares of Westwood Holdings Group by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager's stock worth $7,342,000 after purchasing an additional 6,480 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Westwood Holdings Group during the 1st quarter valued at about $213,000. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock valued at $466,000 after purchasing an additional 2,291 shares during the period. Jane Street Group LLC bought a new stake in Westwood Holdings Group during the 1st quarter valued at approximately $366,000. Finally, North Star Investment Management Corp. raised its stake in Westwood Holdings Group by 1.5% during the 2nd quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager's stock valued at $5,732,000 after purchasing an additional 5,446 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.
Westwood Holdings Group Company Profile
(
Get Free Report)
Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.
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