Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Westwood Holdings Group Inc (NYSE:WHG) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $18.86 and traded as high as $19.01. Westwood Holdings Group shares last traded at $18.91, with a volume of 2,619 shares traded.

Analysts Set New Price Targets

WHG has been the topic of a number of research reports. Wall Street Zen lowered Westwood Holdings Group from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, November 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Westwood Holdings Group Stock Performance

The stock’s 50 day simple moving average is $18.86 and its two-hundred day simple moving average is $17.93. The firm has a market capitalization of $180.02 million, a PE ratio of 23.35 and a beta of 0.57.

Westwood Holdings Group (NYSE:WHG) last issued its earnings results on Thursday, November 5th. The asset manager reported $0.48 earnings per share for the quarter. The business had revenue of $26.57 million for the quarter. Westwood Holdings Group had a return on equity of 7.20% and a net margin of 7.00%.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 74.07%.

Hedge Funds Weigh In On Westwood Holdings Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Westwood Holdings Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 613,114 shares of the asset manager’s stock valued at $9,749,000 after buying an additional 6,302 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter worth $11,155,000. Dimensional Fund Advisors LP increased its stake in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock worth $4,607,000 after acquiring an additional 5,169 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Westwood Holdings Group by 874.2% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 165,978 shares of the asset manager’s stock worth $3,092,000 after acquiring an additional 148,940 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Westwood Holdings Group by 25.2% during the 3rd quarter. Gabelli Funds LLC now owns 102,905 shares of the asset manager’s stock worth $1,917,000 after acquiring an additional 20,695 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc. is an investment management and wealth management firm headquartered in Dallas, Texas. Through its subsidiaries, it provides investment advisory services to institutional investors, private wealth clients and financial intermediaries in the United States and internationally. The company offers investment strategies across equities, fixed income, alternatives and multi-asset portfolios. Its wealth management services include financial planning and investment management for individuals, families, trusts, foundations and endowments.