Key Points
- Director Susan Byrne sold 876 shares of Westwood Holdings Group at an average price of $16.46, totaling about $14,419. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Westwood Holdings Group shares were down 0.2% and opened at $16.16. The stock has a market cap of about $153.36 million and is trading near its 50-day average, with a 52-week range of $14.51 to $18.99.
- The company recently announced a quarterly dividend of $0.15 per share, payable July 1, which works out to an annualized yield of about 3.7%. Institutional ownership remains high, with about 56.64% of shares held by institutions and hedge funds.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 876 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $16.46, for a total transaction of $14,418.96. Following the completion of the transaction, the director owned 286,991 shares of the company's stock, valued at $4,723,871.86. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Down 0.2%
Shares of WHG opened at $16.16 on Thursday. The company has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $16.88. The company has a market capitalization of $153.36 million, a PE ratio of 19.47 and a beta of 0.62. Westwood Holdings Group Inc has a 52-week low of $14.51 and a 52-week high of $18.99.
Westwood Holdings Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group's dividend payout ratio (DPR) is currently 72.29%.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group currently has an average rating of "Buy".
View Our Latest Analysis on Westwood Holdings Group
Institutional Investors Weigh In On Westwood Holdings Group
A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in Westwood Holdings Group by 31.3% in the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager's stock valued at $521,000 after acquiring an additional 7,543 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $4,607,000 after acquiring an additional 5,169 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 valued at $9,749,000 after acquiring an additional 6,302 shares during the last quarter. North Star Investment Management Corp. grew its stake 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 valued at $6,272,000 after acquiring an additional 8,816 shares during the last quarter. Finally, Empowered Funds LLC grew its stake 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 valued at $660,000 after acquiring an additional 3,368 shares during the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
