Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.62 and traded as low as $15.34. Westwood Holdings Group shares last traded at $15.95, with a volume of 18,637 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday, May 5th.
View Our Latest Report on Westwood Holdings Group
Westwood Holdings Group Stock Performance
The stock has a market cap of $153.83 million, a PE ratio of 546.85 and a beta of 0.85. The company's 50 day simple moving average is $15.51 and its 200 day simple moving average is $15.63.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. The firm had revenue of $23.25 million during the quarter. Westwood Holdings Group had a net margin of 0.55% and a return on equity of 2.46%.
Westwood Holdings Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.15 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 3.66%. Westwood Holdings Group's dividend payout ratio (DPR) is 2,000.00%.
Institutional Investors Weigh In On Westwood Holdings Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in WHG. North Star Investment Management Corp. increased its stake in shares of Westwood Holdings Group by 1.5% during the 2nd quarter. North Star Investment Management Corp. now owns 367,460 shares of the asset manager's stock worth $5,732,000 after purchasing an additional 5,446 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group during the 1st quarter worth approximately $213,000. Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group during the 1st quarter worth approximately $366,000. Empowered Funds LLC increased its stake in shares of Westwood Holdings Group by 8.7% during the 1st 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. Finally, Gamco Investors INC. ET AL increased its stake in shares of Westwood Holdings Group by 1.5% during the 1st 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. Hedge funds and other 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.
Further Reading
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