Key Points
- Director Susan Byrne sold 7,129 shares of Westwood Holdings Group on June 29 at an average price of $20.03, for proceeds of about $142,794. The sale reduced her holdings by 2.88% and was made under a pre-arranged Rule 10b5-1 trading plan.
- WHG stock was trading lower, opening at $19.04 and down 5.5% on the day cited in the report. The company has a market cap of $180.66 million, with shares near the top of their 12-month range.
- Westwood announced a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record as of June 1. That works out to a 3.2% annualized yield, with a payout ratio of 72.29%.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,091 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $19.17, for a total value of $20,914.47. Following the completion of the sale, the director owned 239,017 shares in the company, valued at $4,581,955.89. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Stock Performance
NYSE:WHG opened at $19.04 on Wednesday. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $20.97. The stock has a fifty day moving average of $16.99 and a 200 day moving average of $17.08. The firm has a market capitalization of $180.66 million, a price-to-earnings ratio of 22.94 and a beta of 0.61.
Westwood Holdings Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group's dividend payout ratio (DPR) is 72.29%.
Analyst Ratings Changes
Several research firms recently weighed in on WHG. Wall Street Zen upgraded shares of Westwood Holdings Group to a "buy" rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".
Get Our Latest Report on Westwood Holdings Group
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group in the 4th quarter worth approximately $7,638,000. North Star Investment Management Corp. grew its holdings in shares of Westwood Holdings Group by 1.2% during the 4th quarter. North Star Investment Management Corp. now owns 371,993 shares of the asset manager's stock valued at $6,402,000 after purchasing an additional 4,516 shares during the last quarter. Peapod Lane Capital LLC raised its position in Westwood Holdings Group by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager's stock worth $1,526,000 after purchasing an additional 642 shares during the period. JPMorgan Chase & Co. raised its position in Westwood Holdings Group by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,191 shares of the asset manager's stock worth $168,000 after purchasing an additional 2,654 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager's stock worth $10,698,000 after purchasing an additional 13,059 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.
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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