Key Points
- Insider sale: Director Susan Byrne sold 700 shares on April 17 at an average price of $16.36 for $11,452, trimming her position by 0.24% to 296,044 shares valued at about $4.84 million.
- Dividend: Westwood declared a quarterly dividend of $0.15 per share (paid April 1), equal to a $0.60 annualized payout and a yield of 3.7% with a dividend payout ratio of 75.95%.
- Ratings and ownership: Weiss Ratings reiterated a "Buy" and MarketBeat shows an average "Buy" rating, while institutional investors own 56.64% of the company with several funds modestly increasing their stakes.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 700 shares of Westwood Holdings Group stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $16.36, for a total value of $11,452.00. Following the transaction, the director owned 296,044 shares of the company's stock, valued at $4,843,279.84. The trade was a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Westwood Holdings Group Stock Performance
Westwood Holdings Group stock opened at $16.22 on Wednesday. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99. The stock has a market capitalization of $153.74 million, a P/E ratio of 20.53 and a beta of 0.76. The stock has a 50-day simple moving average of $16.39 and a 200 day simple moving average of $16.89.
Westwood Holdings Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Westwood Holdings Group's dividend payout ratio (DPR) is presently 75.95%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group has an average rating of "Buy".
View Our Latest Stock Report on WHG
Institutional Investors Weigh In On Westwood Holdings Group
A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Westwood Holdings Group by 9.6% during the fourth quarter. Empowered Funds LLC now owns 38,337 shares of the asset manager's stock worth $660,000 after purchasing an additional 3,368 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Westwood Holdings Group by 3.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 93,789 shares of the asset manager's stock worth $1,614,000 after purchasing an additional 3,368 shares during the period. Barclays PLC increased 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 worth $213,000 after purchasing an additional 1,190 shares during the period. State Street Corp increased its stake in shares of Westwood Holdings Group by 6.7% during the fourth quarter. State Street Corp now owns 86,726 shares of the asset manager's stock worth $1,505,000 after purchasing an additional 5,447 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager's stock worth $173,000 after purchasing an additional 2,861 shares during the period. Institutional investors own 56.64% of the company's stock.
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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