Key Points
- Director Susan Byrne sold 1,062 shares of Westwood Holdings Group stock on May 27 at an average price of $16.20, worth about $17,204. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she still holds 280,702 shares.
- Westwood Holdings Group recently declared a quarterly dividend of $0.15 per share, payable July 1, which annualizes to $0.60 per share and a 3.7% yield.
- Analysts and investors remain generally positive on WHG, with the stock carrying an average “Buy” rating and several institutional investors recently increasing their holdings.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,062 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $16.20, for a total transaction of $17,204.40. Following the sale, the director directly owned 280,702 shares of the company's stock, valued at approximately $4,547,372.40. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Trading Up 0.1%
WHG opened at $16.38 on Friday. The company has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $16.84. The firm has a market cap of $155.47 million, a price-to-earnings ratio of 19.74 and a beta of 0.62. Westwood Holdings Group Inc has a twelve month low of $14.51 and a twelve month high of $18.99.
Westwood Holdings Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group's dividend payout ratio (DPR) is presently 72.29%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on WHG shares. Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a report on Friday, March 27th. Wall Street Zen upgraded shares of Westwood Holdings Group to a "buy" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company 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 modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of 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 purchasing an additional 6,302 shares in the last quarter. Settian Capital LP raised its stake in shares of Westwood Holdings Group by 9.4% in the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager's stock valued at $7,759,000 after purchasing an additional 40,507 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Westwood Holdings Group in the 4th quarter valued at about $7,638,000. Vanguard Group Inc. raised its stake in shares of Westwood Holdings Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 397,265 shares of the asset manager's stock valued at $6,551,000 after purchasing an additional 11,223 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of 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 purchasing an additional 8,816 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
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