Susan Byrne Sells 1,549 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,549 shares of Westwood Holdings Group stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $18.35, for a total transaction of $28,424.15. Following the completion of the sale, the director owned 256,811 shares in the company, valued at approximately $4,712,481.85. This trade represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 2.4%

WHG stock opened at $18.61 on Wednesday. Westwood Holdings Group Inc has a 52 week low of $14.70 and a 52 week high of $18.99. The firm has a 50-day simple moving average of $16.73 and a 200-day simple moving average of $16.98. The stock has a market capitalization of $176.61 million, a P/E ratio of 22.42 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The company 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 dividend of $0.15 per share. 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 3.2%. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Analyst Ratings Changes

WHG has been the topic of a number of research analyst reports. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WHG. Empowered Funds LLC boosted its holdings in shares of 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 purchasing an additional 3,561 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Westwood Holdings Group by 1.9% in the first 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. Gabelli Funds LLC lifted its position in Westwood Holdings Group by 6.5% during the first 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 in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Westwood Holdings Group by 6.6% during the first 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 in the last quarter. Finally, Sei Investments Co. boosted its stake in Westwood Holdings Group by 31.3% during the first 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 last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

About Westwood Holdings Group

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.