Key Points
- CEO Brian Casey sold 8,341 shares on December 10 at an average price of $16.55 for $138,043.55, trimming his stake by 1.67% to 492,359 shares (worth about $8.15M).
- The company announced a quarterly dividend of $0.15 per share (annualized $0.60, yield 3.5%), with an ex-dividend date of December 1 and payment on January 2; the payout ratio is 73.17%.
- Westwood has a market cap of about $160.8M, a P/E of 20.84 and a 1‑year trading range of $13.49–$18.97, with 56.64% institutional ownership and recent position increases by firms including Settian, Geode and Vanguard.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) CEO Brian Casey sold 1,764 shares of the company's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the completion of the sale, the chief executive officer directly owned 500,700 shares in the company, valued at $8,216,487. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Westwood Holdings Group Stock Performance
Shares of Westwood Holdings Group stock traded down $0.03 on Friday, hitting $17.07. The company's stock had a trading volume of 1,304 shares, compared to its average volume of 19,789. Westwood Holdings Group Inc has a 1 year low of $13.49 and a 1 year high of $18.97. The firm has a fifty day moving average price of $16.47 and a 200-day moving average price of $16.63. The company has a market capitalization of $160.63 million, a price-to-earnings ratio of 20.84 and a beta of 0.84.
Westwood Holdings Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Westwood Holdings Group's dividend payout ratio (DPR) is 73.17%.
Institutional Investors Weigh In On Westwood Holdings Group
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group during the first quarter worth $213,000. Settian Capital LP acquired a new stake in Westwood Holdings Group in the second quarter valued at $6,708,000. North Star Investment Management Corp. increased its position in shares of Westwood Holdings Group by 1.5% in the second quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager's stock valued at $5,732,000 after buying an additional 5,446 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Westwood Holdings Group by 1.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager's stock worth $7,342,000 after buying an additional 6,480 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Westwood Holdings Group by 33.3% during the 3rd quarter. Sei Investments Co. now owns 17,495 shares of the asset manager's stock worth $288,000 after buying an additional 4,366 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Westwood Holdings Group in a research report on Monday. Wall Street Zen upgraded Westwood Holdings Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Westwood Holdings Group has a consensus rating of "Hold".
View Our Latest Research Report on WHG
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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