Westwood Holdings Group (NYSE:WHG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Westwood Holdings Group, Inc. (NYSE:WHG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.49 and traded as high as $15.58. Westwood Holdings Group shares last traded at $15.33, with a volume of 9,264 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

The firm has a market capitalization of $142.09 million, a PE ratio of 46.44 and a beta of 1.13. The business’s 50 day moving average is $15.13 and its two-hundred day moving average is $14.49.

Institutional Trading of Westwood Holdings Group

A number of hedge funds and other institutional investors have recently made changes to their positions in WHG. Peapod Lane Capital LLC purchased a new position in Westwood Holdings Group during the 4th quarter valued at about $2,533,000. Allspring Global Investments Holdings LLC grew its stake in Westwood Holdings Group by 0.3% during 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 acquiring an additional 1,725 shares in the last quarter. Empowered Funds LLC increased its holdings in Westwood Holdings Group by 5.4% during the 4th 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 period. Wealth Enhancement Advisory Services LLC lifted its stake in Westwood Holdings Group by 87.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock worth $396,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Westwood Holdings Group by 11.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after purchasing an additional 2,178 shares during the period. 56.64% of the stock is currently owned by institutional investors.

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.