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

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.53 and traded as high as $16.05. Westwood Holdings Group shares last traded at $15.74, with a volume of 25,682 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Westwood Holdings Group from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.

Westwood Holdings Group Stock Performance

The firm has a fifty day simple moving average of $15.63 and a two-hundred day simple moving average of $15.53. The firm has a market cap of $147.64 million, a PE ratio of 524.84 and a beta of 0.84.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share for the quarter. Westwood Holdings Group had a net margin of 0.55% and a return on equity of 2.46%. The firm had revenue of $23.25 million during the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 3.81%. Westwood Holdings Group's payout ratio is currently 2,000.00%.

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Westwood Holdings Group by 1.0% during the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock worth $883,000 after acquiring an additional 616 shares during the last quarter. Barclays PLC lifted its position in shares of Westwood Holdings Group by 180.7% during the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after purchasing an additional 1,966 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Westwood Holdings Group by 8.7% during the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock worth $466,000 after purchasing an additional 2,291 shares during the last quarter. Garner Asset Management Corp lifted its position in shares of Westwood Holdings Group by 4.0% during the first quarter. Garner Asset Management Corp now owns 146,408 shares of the asset manager's stock worth $2,372,000 after purchasing an additional 5,655 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Westwood Holdings Group by 1.5% during the first quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager's stock worth $7,342,000 after purchasing an additional 6,480 shares during the last quarter. 56.64% of the stock is owned by institutional investors.

About Westwood Holdings Group

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.

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