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 $15.58 and traded as high as $16.83. Westwood Holdings Group shares last traded at $16.46, with a volume of 16,198 shares trading hands.
Westwood Holdings Group Price Performance
The stock has a market capitalization of $164.71 million, a PE ratio of 70.24 and a beta of 0.96. The firm has a fifty day moving average price of $15.89 and a two-hundred day moving average price of $15.62.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. The firm had revenue of $23.25 million for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.
Westwood Holdings Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, June 2nd. Westwood Holdings Group's dividend payout ratio (DPR) is presently 240.00%.
Hedge Funds Weigh In On Westwood Holdings Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in Westwood Holdings Group in the fourth quarter worth about $146,000. Bank of America Corp DE raised its holdings in shares of Westwood Holdings Group by 1.0% in the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock valued at $883,000 after purchasing an additional 616 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Westwood Holdings Group in the 4th quarter worth approximately $348,000. 683 Capital Management LLC bought a new position in shares of Westwood Holdings Group during the fourth quarter valued at approximately $322,000. Finally, Northern Trust Corp increased its holdings in Westwood Holdings Group by 29.5% during the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager's stock valued at $545,000 after buying an additional 8,562 shares during the period. Institutional investors 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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