Westwood Holdings Group Director Unloads $403,350 in Stock (WHG)
Westwood Holdings Group (NYSE:WHG) Director Richard Frank unloaded 7,500 shares of Westwood Holdings Group stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $53.78, for a total transaction of $403,350.00. Following the sale, the director now directly owns 23,000 shares of the company’s stock, valued at approximately $1,236,940. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Westwood Holdings Group (NYSE:WHG) traded up 0.45% on Friday, hitting $53.94. 10,795 shares of the company’s stock traded hands. Westwood Holdings Group has a 52-week low of $37.16 and a 52-week high of $51.03. The stock’s 50-day moving average is $49.21 and its 200-day moving average is $45.21. The company has a market cap of $441.6 million and a price-to-earnings ratio of 25.83.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, December 11th. This is an increase from Westwood Holdings Group’s previous quarterly dividend of $0.40.
Westwood Holdings Group, Inc (NYSE:WHG) manages investment assets and provides services for the clients through its two subsidiaries, Westwood Management Corp.
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