Westwood Holdings Group (NYSE:WHG) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• WHG shares crossed above their 200-day moving average of $17.56, reaching as high as $19.77 before last trading at $19.21; the company’s market capitalization is approximately $182.3 million.
• Analysts maintain a consensus “Buy” rating, while Westwood reported quarterly earnings of $0.33 per share on $25.34 million in revenue.
• Westwood declared a quarterly dividend of $0.15, equivalent to $0.60 annually and a 3.1% yield; institutional investors own 56.64% of the stock, while insiders have recently sold shares.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.56 and traded as high as $19.77. Westwood Holdings Group shares last traded at $19.21, with a volume of 21,556 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WHG. Wall Street Zen raised shares of Westwood Holdings Group to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings raised Westwood Holdings Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Westwood Holdings Group presently has a consensus rating of "Buy".

Westwood Holdings Group Trading Down 2.9%

The company has a market cap of $182.30 million, a P/E ratio of 21.83 and a beta of 0.56. The company's fifty day moving average is $19.44 and its 200 day moving average is $17.56.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.33 earnings per share for the quarter. Westwood Holdings Group had a net margin of 7.73% and a return on equity of 8.10%. The business had revenue of $25.34 million during the quarter.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Westwood Holdings Group's payout ratio is currently 68.18%.

Insider Buying and Selling at Westwood Holdings Group

In related news, Director Susan M. Byrne sold 4,481 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $19.88, for a total transaction of $89,082.28. Following the completion of the sale, the director directly owned 230,444 shares in the company, valued at $4,581,226.72. This represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 44,892 shares of company stock valued at $840,623. Insiders own 17.40% of the company's stock.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently bought and sold shares of WHG. California State Teachers Retirement System boosted its stake in shares of Westwood Holdings Group by 384.9% during the second quarter. California State Teachers Retirement System now owns 1,954 shares of the asset manager's stock valued at $37,000 after purchasing an additional 1,551 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group in the second quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in shares of Westwood Holdings Group in the second quarter worth $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group in the second quarter worth $98,000. Finally, JPMorgan Chase & Co. raised its holdings in 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 valued at $118,000 after buying an additional 6,990 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood's disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm's product lineup includes U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source