Insider Trading March 13, 2026

Westwood Holdings CFO Sells and Buys in Same Day, Leaving Net Increase in Stake

Forbes Murray III offloads 2,859 shares and acquires 11,098 on February 23; company posts modest revenue growth in Q4 2025

By Marcus Reed WHG
Westwood Holdings CFO Sells and Buys in Same Day, Leaving Net Increase in Stake
WHG

Westwood Holdings Group Inc CFO Forbes Murray III completed offsetting transactions on February 23, 2026, selling 2,859 shares at $16.22 and purchasing 11,098 shares the same day. After the trades he holds 65,826 shares. The firm reported year-over-year revenue growth in Q4 2025 and a modest post-report stock dip, while market metrics show a $134 million market cap and a 3.81% dividend yield.

Key Points

  • CFO Forbes Murray III sold 2,859 shares at $16.22 and purchased 11,098 shares on February 23, 2026, resulting in a direct holding of 65,826 shares - Sectors impacted: corporate governance, financial services, asset management.
  • Westwood reported Q4 2025 revenue of $27.1 million versus $25.6 million a year earlier and showed significant year-over-year net income improvement - Sectors impacted: asset management, ETF markets.
  • Company market metrics at the time included a $134 million market cap, a P/E ratio of 19.94 and a dividend yield of 3.81%; InvestingPro analysis flagged the stock as undervalued relative to Fair Value and subscribers have access to three additional tips, including a 25-year dividend payment track record - Sectors impacted: investment research, dividend-focused investing.

Westwood Holdings Group Inc (NYSE:WHG) saw its chief financial officer, Forbes Murray III, carry out both a sale and a purchase of company stock on February 23, 2026. Murray sold 2,859 shares of common stock at a price of $16.22 per share, resulting in proceeds of $46,372.

That sale price exceeded Westwood Holdings’ then-current trading price of $15.73. According to InvestingPro analysis cited in company commentary, the stock is considered undervalued relative to its Fair Value.

On the same trading day Murray also purchased 11,098 shares of Westwood Holdings Group. When the two transactions are combined, Murray’s direct ownership stands at 65,826 shares.

At the time of these transactions, Westwood Holdings Group carried a market capitalization of $134 million, traded at a price-to-earnings ratio of 19.94 and yielded 3.81% in dividends. InvestingPro subscribers reportedly have access to three additional exclusive insights on WHG, which include information on the company’s 25-year dividend payment history.


Separately, Westwood Holdings’ most recent quarterly results for Q4 2025 included an increase in total revenues to $27.1 million, up from $25.6 million in the comparable quarter a year earlier. The company also showed what was described as a significant year-over-year improvement in net income for that quarter.

Following the release of the earnings report the share price experienced a small decline. Company commentary highlighted particularly strong performance within its ETF products as part of the quarterly results.

The earnings announcement did not reference any mergers or acquisitions. Likewise, there were no recent analyst upgrades or downgrades reported for Westwood Holdings in conjunction with the earnings release.


The sequence of an insider sale and a larger same-day purchase leaves Murray with a higher direct holding in the company while market metrics and recent quarterly results outline the firm’s current financial position and recent operating trends.

Risks

  • Share price volatility - the stock experienced a minor decline after the Q4 2025 results, creating short-term price uncertainty for investors in the financial services and asset management sectors.
  • Strategic uncertainty - the Q4 2025 earnings report did not mention any mergers or acquisitions, leaving potential strategic moves unaddressed for shareholders and market watchers in the investment management space.
  • Limited analyst activity - there were no recent analyst upgrades or downgrades reported, which may limit the flow of external coverage and independent reassessments for investors focused on ETF and asset management firms.

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