Westwood Holdings Group Inc (NYSE:WHG) Vice Chairman Sells $390,000.00 in Stock
Westwood Holdings Group Inc (NYSE:WHG) Vice Chairman Susan M. Byrne sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $60.00, for a total value of $390,000.00. Following the transaction, the insider now directly owns 275,693 shares in the company, valued at $16,541,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Westwood Holdings Group Inc (NYSE WHG) traded down 0.40% on Wednesday, reaching $59.06. The company had a trading volume of 25,191 shares. The firm has a 50 day moving average price of $57.92 and a 200-day moving average price of $56.33. The stock has a market capitalization of $483.58 million, a price-to-earnings ratio of 18.47 and a beta of 1.52. Westwood Holdings Group Inc has a 12 month low of $49.01 and a 12 month high of $63.99.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.48 annualized dividend and a yield of 4.20%. Westwood Holdings Group’s dividend payout ratio is presently 77.50%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Westwood Holdings Group by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 66,698 shares of the asset manager’s stock valued at $3,781,000 after buying an additional 476 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Westwood Holdings Group by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,525 shares of the asset manager’s stock valued at $2,241,000 after buying an additional 3,865 shares in the last quarter. Cigna Investments Inc. New acquired a new position in Westwood Holdings Group during the second quarter valued at $278,000. Strs Ohio raised its position in Westwood Holdings Group by 2.5% in the second quarter. Strs Ohio now owns 12,100 shares of the asset manager’s stock valued at $685,000 after buying an additional 300 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Westwood Holdings Group by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 63.52% of the company’s stock.
Westwood Holdings Group Company Profile
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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