Key Points
- Director Susan Byrne sold 1,494 shares on April 1 at an average price of $16.83 for total proceeds of $25,144.02, cutting her stake by 0.49% to 303,950 shares (valued at about $5.12M); the sale was disclosed in an SEC filing.
- Westwood paid a quarterly dividend of $0.15 (annualized $0.60) with a yield of 3.6% and a dividend payout ratio of 75.95%; the dividend was paid April 1 with an ex-dividend/record timeline in early March.
- The stock trades around the mid-$16s (opened $16.48), with a 52-week range of $14.51–$18.99, a market cap of ~$156.2M and a P/E of 20.86; institutional investors own about 56.6% and Weiss Ratings recently reissued a "Buy" rating.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 700 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $16.31, for a total transaction of $11,417.00. Following the sale, the director owned 302,650 shares of the company's stock, valued at approximately $4,936,221.50. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Westwood Holdings Group Stock Up 1.7%
NYSE WHG opened at $16.48 on Thursday. The company has a 50-day simple moving average of $16.68 and a two-hundred day simple moving average of $16.91. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99. The firm has a market cap of $156.23 million, a price-to-earnings ratio of 20.86 and a beta of 0.76.
Westwood Holdings Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 3rd. Westwood Holdings Group's dividend payout ratio is 75.95%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Check Out Our Latest Research Report on WHG
Hedge Funds Weigh In On Westwood Holdings Group
Several hedge funds and other institutional investors have recently modified their holdings of the company. Peapod Lane Capital LLC raised its stake in shares of Westwood Holdings Group by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager's stock valued at $1,526,000 after acquiring an additional 642 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Westwood Holdings Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager's stock valued at $2,808,000 after acquiring an additional 896 shares during the last quarter. Barclays PLC raised its stake in shares of Westwood Holdings Group by 10.6% during the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager's stock valued at $213,000 after acquiring an additional 1,190 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Westwood Holdings Group by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 274,516 shares of the asset manager's stock valued at $4,724,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of Westwood Holdings Group by 1.5% during the third quarter. Garner Asset Management Corp now owns 135,211 shares of the asset manager's stock valued at $2,230,000 after acquiring an additional 2,027 shares during the last quarter. 56.64% of the stock is owned by institutional investors.
Westwood Holdings Group Company Profile
(
Get Free Report)
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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