Westwood Holdings Group (NYSE:WHG) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Westwood Holdings Group Inc (NYSE:WHG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.41 and traded as low as $16.36. Westwood Holdings Group shares last traded at $16.62, with a volume of 6,161 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WHG. Wall Street Zen upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Westwood Holdings Group in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Westwood Holdings Group Price Performance

The business’s 50-day moving average price is $17.41 and its 200-day moving average price is $16.41. The firm has a market capitalization of $156.39 million, a PE ratio of 39.57 and a beta of 0.98.

Westwood Holdings Group (NYSE:WHG) last released its earnings results on Friday, August 8th. The asset manager reported $0.22 EPS for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.The company had revenue of $23.12 million during the quarter.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 3.6%. Westwood Holdings Group’s dividend payout ratio (DPR) is 142.86%.

Insider Buying and Selling

In other Westwood Holdings Group news, CEO Brian O. Casey sold 6,750 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $18.00, for a total value of $121,500.00. Following the completion of the sale, the chief executive officer owned 505,926 shares of the company’s stock, valued at approximately $9,106,668. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Westwood Holdings Group in the second quarter valued at $63,000. Raymond James Financial Inc. acquired a new position in shares of Westwood Holdings Group during the 2nd quarter worth $85,000. New York State Common Retirement Fund acquired a new position in shares of Westwood Holdings Group during the 2nd quarter worth $98,000. JPMorgan Chase & Co. raised its stake in shares of Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Westwood Holdings Group during the 4th quarter worth $146,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.