Key Points
- Westwood Holdings Group director Susan Byrne sold 1,124 shares on May 29 at an average price of $16.40, totaling $18,433.60. After the sale, she still owned 277,550 shares worth about $4.55 million, and the trade was made under a pre-arranged 10b5-1 plan.
- The company recently declared a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record on June 1. That works out to an annualized dividend of $0.60 and a yield of 3.6%.
- Westwood Holdings Group currently has a consensus Buy rating from analysts, with recent ratings from Wall Street Zen and Weiss Ratings also positive. Institutional investors own 56.64% of the stock, and several funds increased their holdings recently.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,124 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.40, for a total value of $18,433.60. Following the completion of the sale, the director directly owned 277,550 shares of the company's stock, valued at approximately $4,551,820. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Performance
Westwood Holdings Group stock opened at $16.51 on Wednesday. Westwood Holdings Group Inc has a one year low of $14.53 and a one year high of $18.99. The business has a fifty day moving average of $16.28 and a two-hundred day moving average of $16.84. The company has a market cap of $156.68 million, a P/E ratio of 19.89 and a beta of 0.61.
Westwood Holdings Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.6%. Westwood Holdings Group's dividend payout ratio (DPR) is 72.29%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Peapod Lane Capital LLC raised its stake 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 worth $1,526,000 after buying an additional 642 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Westwood Holdings Group by 6.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager's stock valued at $184,000 after purchasing an additional 692 shares during the last quarter. Geode Capital Management LLC raised its stake in Westwood Holdings Group by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager's stock valued at $2,808,000 after purchasing an additional 896 shares during the last quarter. Bank of America Corp DE raised its stake in Westwood Holdings Group by 1.9% in the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager's stock valued at $920,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Barclays PLC raised its stake in Westwood Holdings Group by 10.6% in the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager's stock valued at $213,000 after purchasing an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on WHG. Wall Street Zen raised Westwood Holdings Group to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy".
Get Our Latest Research Report on WHG
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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