Hodges Capital Management Inc. continued to hold its position in shares of Westwood Holdings Group Inc (NYSE:WHG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,535 shares of the asset manager’s stock at the end of the second quarter. Hodges Capital Management Inc. owned 0.62% of Westwood Holdings Group worth $2,865,000 as of its most recent SEC filing.
Separately, Strs Ohio boosted its position in shares of Westwood Holdings Group by 2.5% in the second quarter. Strs Ohio now owns 12,100 shares of the asset manager’s stock worth $685,000 after buying an additional 300 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.
Shares of Westwood Holdings Group Inc (NYSE:WHG) traded down 0.55% during trading on Friday, hitting $58.31. The stock had a trading volume of 24,021 shares. Westwood Holdings Group Inc has a 12-month low of $49.01 and a 12-month high of $63.99. The stock has a market capitalization of $477.44 million, a P/E ratio of 18.24 and a beta of 1.52. The stock’s 50-day moving average is $58.46 and its 200-day moving average is $56.40.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.25%. Westwood Holdings Group’s payout ratio is 77.50%.
Separately, ValuEngine raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.
In other news, Vice Chairman Susan M. Byrne sold 14,900 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $58.03, for a total value of $864,647.00. Following the completion of the sale, the insider now directly owns 299,747 shares in the company, valued at $17,394,318.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Susan M. Byrne sold 2,500 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $55.59, for a total transaction of $138,975.00. Following the completion of the sale, the insider now owns 315,181 shares of the company’s stock, valued at $17,520,911.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,008 shares of company stock valued at $3,240,440. 9.60% of the stock is owned by company insiders.
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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