Key Points
- Director Susan Byrne sold 994 shares on April 30 under a pre-arranged Rule 10b5-1 plan at $16.28 each for $16,182.32, trimming her stake by 0.34% to 291,122 shares.
- Quarterly dividend declared of $0.15 per share (annualized $0.60) with a yield of about 3.8%, payable July 1 to holders of record on June 1 (ex-dividend June 1).
- Recent quarter: reported $0.31 EPS on $24.97 million revenue; the company has a market cap of about $148.5 million and a P/E of 18.87, with a 52-week range of $14.51–$18.99.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 994 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $16.28, for a total transaction of $16,182.32. Following the sale, the director directly owned 291,122 shares in the company, valued at $4,739,466.16. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Performance
Shares of WHG stock opened at $15.67 on Tuesday. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99. The company's 50-day moving average is $16.27 and its 200 day moving average is $16.90. The company has a market capitalization of $148.50 million, a price-to-earnings ratio of 18.87 and a beta of 0.62.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $24.97 million for the quarter.
Westwood Holdings Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group's dividend payout ratio is 72.29%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy".
Read Our Latest Stock Report on WHG
Institutional Trading of Westwood Holdings Group
A number of institutional investors have recently made changes to their positions in the stock. Peapod Lane Capital LLC boosted its holdings in shares of Westwood Holdings Group by 0.7% during the 4th 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 boosted its holdings in shares of Westwood Holdings Group by 0.6% during the 4th 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 boosted its holdings in shares of Westwood Holdings Group by 10.6% during the 4th 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 boosted its holdings in shares of Westwood Holdings Group by 0.5% during the 4th 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 boosted its holdings in shares of Westwood Holdings Group by 1.5% during the 3rd 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. Hedge funds and other institutional investors own 56.64% of the company's stock.
About Westwood Holdings Group
(
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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