Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Shares of Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) crossed 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.

Wall Street Analysts Forecast Growth

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

Westwood Holdings Group Stock Up 0.9%

The firm has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $15.66. The stock has a market cap of $153.83 million, a P/E ratio of 546.85 and a beta of 0.85.

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

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Monday, June 2nd. Westwood Holdings Group's dividend payout ratio is presently 2,000.00%.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Barclays PLC raised its position in shares of Westwood Holdings Group by 180.7% in the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after acquiring an additional 1,966 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Westwood Holdings Group in the 4th quarter worth approximately $146,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Westwood Holdings Group in the 4th quarter worth approximately $160,000. Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group in the 1st quarter worth approximately $213,000. Finally, 683 Capital Management LLC bought a new stake in shares of Westwood Holdings Group in the 4th quarter worth approximately $322,000. Institutional investors and hedge funds own 56.64% of the company's stock.

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.