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

Key Points

• Westwood Holdings Group shares crossed above their 200-day moving average, reaching $19.75 before closing at $19.48, compared with a 200-day average of $17.45.
• Analysts upgraded the stock to a consensus “Buy” rating, while the company reported quarterly EPS of $0.33 on $25.34 million in revenue.
• Westwood declared a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 payout and a 3.1% yield; insiders sold shares during the latest quarter, while institutional investors own 56.64% of the company.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.45 and traded as high as $19.75. Westwood Holdings Group shares last traded at $19.48, with a volume of 18,160 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Westwood Holdings Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Westwood Holdings Group to a "buy" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Westwood Holdings Group Price Performance

The firm has a market cap of $184.87 million, a price-to-earnings ratio of 22.14 and a beta of 0.56. The firm's 50 day moving average price is $19.12 and its two-hundred day moving average price is $17.45.

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

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Westwood Holdings Group's dividend payout ratio (DPR) is presently 68.18%.

Insider Buying and Selling at Westwood Holdings Group

In other news, Director Susan M. Byrne sold 7,129 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $20.03, for a total value of $142,793.87. Following the transaction, the director owned 240,108 shares of the company's stock, valued at approximately $4,809,363.24. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 53,597 shares of company stock valued at $981,843. Company insiders own 17.40% of the company's stock.

Institutional Investors Weigh In On Westwood Holdings Group

Several large investors have recently modified their holdings of WHG. Peapod Lane Capital LLC grew its position in Westwood Holdings Group by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager's stock valued at $1,526,000 after buying an additional 642 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Westwood Holdings Group by 6.6% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager's stock valued at $184,000 after buying an additional 692 shares during the period. Geode Capital Management LLC raised its position in Westwood Holdings Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager's stock worth $2,808,000 after buying an additional 896 shares during the last quarter. Bank of America Corp DE raised its position in Westwood Holdings Group by 1.9% during the 1st quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager's stock worth $920,000 after buying an additional 1,018 shares during the last quarter. Finally, Barclays PLC raised its position in Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager's stock worth $213,000 after buying an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company's stock.

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.

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