Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday, May 5th.
Check Out Our Latest Analysis on Westwood Holdings Group
Westwood Holdings Group Stock Performance
The stock has a fifty day simple moving average of $15.57 and a 200-day simple moving average of $15.53. The stock has a market cap of $144.55 million, a P/E ratio of 61.64 and a beta of 0.84.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The asset manager reported $0.16 earnings per share (EPS) for the quarter. The business 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.89%. Westwood Holdings Group's dividend payout ratio is 2,000.00%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Westwood Holdings Group by 180.7% in the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock valued at $44,000 after acquiring an additional 1,966 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Westwood Holdings Group in the 4th quarter valued at about $146,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Westwood Holdings Group in the 4th quarter valued at about $160,000. Goldman Sachs Group Inc. acquired a new stake in Westwood Holdings Group in the 1st quarter valued at about $213,000. Finally, 683 Capital Management LLC bought a new position in Westwood Holdings Group during the fourth quarter worth about $322,000. Institutional investors and hedge funds own 56.64% of the company's stock.
About Westwood Holdings Group
(
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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