Key Points
- Westwood Holdings Group director Susan Byrne sold 678 shares on May 5 at an average price of $16.01, totaling about $10,855. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she still owns 289,727 shares.
- The stock was little changed, opening at $16.37 and trading near its 50-day and 200-day moving averages. Westwood has a market cap of $155.36 million and a 12-month range of $14.51 to $18.99.
- Westwood announced a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record on June 1. That works out to an annualized yield of 3.7%, with a payout ratio of 72.29%.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 678 shares of the business's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $16.01, for a total value of $10,854.78. Following the completion of the transaction, the director directly owned 289,727 shares of the company's stock, valued at approximately $4,638,529.27. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Trading Down 0.1%
WHG opened at $16.37 on Friday. The firm has a market cap of $155.36 million, a price-to-earnings ratio of 19.72 and a beta of 0.62. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99. The stock has a fifty day moving average price of $16.25 and a 200-day moving average price of $16.89.
Westwood Holdings Group Dividend Announcement
The firm also recently announced 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 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group's dividend payout ratio is currently 72.29%.
Institutional Investors Weigh In On Westwood Holdings Group
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager's stock worth $4,607,000 after purchasing an additional 5,169 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Westwood Holdings Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager's stock worth $9,749,000 after purchasing an additional 6,302 shares in the last quarter. North Star Investment Management Corp. boosted its position in Westwood Holdings Group by 2.4% in the 1st quarter. North Star Investment Management Corp. now owns 380,809 shares of the asset manager's stock worth $6,272,000 after purchasing an additional 8,816 shares in the last quarter. Empowered Funds LLC boosted its position in Westwood Holdings Group by 9.6% in the 4th 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 in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Westwood Holdings Group by 3.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 93,789 shares of the asset manager's stock valued at $1,614,000 after purchasing an additional 3,368 shares during the period. Hedge funds and other institutional investors own 56.64% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Westwood Holdings Group in a research 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 presently has an average rating of "Buy".
View Our Latest Stock Analysis on Westwood Holdings Group
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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