Key Points
- Westwood Holdings Group director Susan Byrne sold 607 shares on June 8 at an average price of $17.11, totaling about $10,385.77. The sale was made under a pre-arranged Rule 10b5-1 plan, and she still directly owns 274,621 shares.
- WHG shares were up 2.5% and last opened at $17.46, near the middle of its 52-week range of $14.70 to $18.99. The stock has a market cap of about $165.65 million and a beta of 0.61.
- The company recently declared a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record as of June 1. That works out to an annualized yield of about 3.4%.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 607 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $17.11, for a total value of $10,385.77. Following the completion of the transaction, the director directly owned 274,621 shares in the company, valued at approximately $4,698,765.31. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Up 2.5%
WHG stock opened at $17.46 on Wednesday. The business's fifty day moving average is $16.39 and its 200-day moving average is $16.88. The company has a market cap of $165.65 million, a P/E ratio of 21.03 and a beta of 0.61. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99.
Westwood Holdings Group Announces Dividend
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 paid 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 dividend yield of 3.4%. Westwood Holdings Group's dividend payout ratio is 72.29%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on WHG. Wall Street Zen raised Westwood Holdings Group to a "buy" rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Westwood Holdings Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group currently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on Westwood Holdings Group
Institutional Trading of Westwood Holdings Group
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager's stock worth $920,000 after buying an additional 1,018 shares during the period. Empowered Funds LLC raised its stake in Westwood Holdings Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager's stock worth $690,000 after buying an additional 3,561 shares during the period. Gabelli Funds LLC raised its stake in Westwood Holdings Group by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager's stock worth $1,354,000 after buying an additional 5,004 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Westwood Holdings Group by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager's stock worth $184,000 after buying an additional 692 shares during the period. Finally, Sei Investments Co. raised its stake in Westwood Holdings Group by 31.3% during the 1st quarter. Sei Investments Co. now owns 31,659 shares of the asset manager's stock worth $521,000 after buying an additional 7,543 shares during the period. Institutional investors and hedge funds 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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