Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Westwood Holdings Group, Inc. (NYSE:WHG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.79 and traded as high as $16.39. Westwood Holdings Group shares last traded at $16.25, with a volume of 16,247 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

The firm has a market capitalization of $147.98 million, a P/E ratio of 63.92 and a beta of 1.13. The business has a fifty day moving average of $15.36 and a 200-day moving average of $14.79.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.76%. Westwood Holdings Group’s dividend payout ratio is presently 240.00%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of the company. Peapod Lane Capital LLC acquired a new stake in shares of Westwood Holdings Group during the fourth quarter worth $2,533,000. De Lisle Partners LLP increased its stake in shares of Westwood Holdings Group by 131.4% in the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after acquiring an additional 38,996 shares during the last quarter. Ancora Advisors LLC acquired a new position in Westwood Holdings Group in the 4th quarter worth about $348,000. 683 Capital Management LLC bought a new position in Westwood Holdings Group during the fourth quarter valued at approximately $322,000. Finally, Garner Asset Management Corp raised its holdings in shares of Westwood Holdings Group by 11.4% during the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock valued at $2,012,000 after purchasing an additional 14,427 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

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.