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 $15.53 and traded as high as $15.56. Westwood Holdings Group shares last traded at $15.53, with a volume of 60,230 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday, May 5th.
Get Our Latest Stock Report on WHG
Westwood Holdings Group Price Performance
The business's 50 day moving average price is $15.56 and its 200-day moving average price is $15.53. The company has a market cap of $143.05 million, a P/E ratio of 61.00 and a beta of 0.84.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share for the quarter. The firm had revenue of $23.25 million during the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.
Westwood Holdings Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a $0.15 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.93%. Westwood Holdings Group's dividend payout ratio is 2,000.00%.
Institutional Investors Weigh In On Westwood Holdings Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of Westwood Holdings Group by 5.4% in the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager's stock worth $384,000 after acquiring an additional 1,353 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Westwood Holdings Group by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock valued at $8,741,000 after purchasing an additional 1,725 shares in the last quarter. Peapod Lane Capital LLC bought a new position in Westwood Holdings Group in the 4th quarter worth approximately $2,533,000. Garner Asset Management Corp lifted its holdings in Westwood Holdings Group by 11.4% during the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock worth $2,012,000 after buying an additional 14,427 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Westwood Holdings Group by 180.7% during the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after buying an additional 1,966 shares in the last quarter. Institutional investors own 56.64% of the company's stock.
Westwood Holdings Group Company Profile
(
Get Free Report)
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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