Westwood Holdings Group (NYSE:WHG) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Westwood Holdings Group Inc (NYSE:WHG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.53 and traded as high as $16.05. Westwood Holdings Group shares last traded at $15.74, with a volume of 25,682 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Westwood Holdings Group from a “buy” rating to a “hold” rating in a report on Monday, May 5th.

Westwood Holdings Group Price Performance

The business has a fifty day simple moving average of $15.63 and a two-hundred day simple moving average of $15.53. The company has a market cap of $147.64 million, a PE ratio of 524.84 and a beta of 0.84.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. The firm had revenue of $23.25 million during the quarter. Westwood Holdings Group had a return on equity of 2.46% and a net margin of 0.55%.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 3.81%. Westwood Holdings Group’s dividend payout ratio is presently 2,000.00%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently added to or reduced their stakes in WHG. Ancora Advisors LLC purchased a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $348,000. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group during the first quarter worth $366,000. 683 Capital Management LLC acquired a new position in shares of Westwood Holdings Group during the fourth quarter worth $322,000. Garner Asset Management Corp increased its position in shares of Westwood Holdings Group by 11.4% during the fourth quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock worth $2,012,000 after purchasing an additional 14,427 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Westwood Holdings Group during the first quarter worth $213,000. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Company Profile

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.