Westwood Holdings Group, Inc. (NYSE:WHG – Get Rating) insider Leah Bennett sold 2,000 shares of Westwood Holdings Group stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $12.90, for a total transaction of $25,800.00. Following the transaction, the insider now owns 38,812 shares in the company, valued at approximately $500,674.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Westwood Holdings Group Stock Performance
NYSE:WHG opened at $11.45 on Friday. The company has a market capitalization of $105.91 million, a PE ratio of -19.41 and a beta of 1.20. Westwood Holdings Group, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $16.80. The company has a 50 day simple moving average of $12.71 and a two-hundred day simple moving average of $11.47.
Westwood Holdings Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Tuesday, February 28th. Westwood Holdings Group’s dividend payout ratio is presently -101.69%.
Analysts Set New Price Targets
Institutional Trading of Westwood Holdings Group
A number of institutional investors have recently bought and sold shares of WHG. UBS Group AG raised its position in shares of Westwood Holdings Group by 323.2% in the 3rd quarter. UBS Group AG now owns 4,139 shares of the asset manager’s stock worth $39,000 after acquiring an additional 3,161 shares in the last quarter. Captrust Financial Advisors lifted its stake in Westwood Holdings Group by 2,187.5% in the second quarter. Captrust Financial Advisors now owns 2,928 shares of the asset manager’s stock valued at $40,000 after buying an additional 2,800 shares during the period. State Street Corp boosted its holdings in shares of Westwood Holdings Group by 6.2% during the 1st quarter. State Street Corp now owns 29,021 shares of the asset manager’s stock worth $449,000 after buying an additional 1,698 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Westwood Holdings Group during the 4th quarter worth approximately $536,000. Finally, Gabelli Funds LLC increased its stake in shares of Westwood Holdings Group by 2.4% in the 3rd quarter. Gabelli Funds LLC now owns 73,587 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 1,746 shares in the last quarter. Institutional investors own 58.86% of the company’s stock.
About Westwood Holdings Group
Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.
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