Westwood Holdings Group (NYSE:WHG) Stock Crosses Above 200 Day Moving Average – What’s Next?

Westwood Holdings Group, Inc. (NYSE:WHG)’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 $14.98 and traded as high as $15.30. Westwood Holdings Group shares last traded at $15.17, with a volume of 14,744 shares traded.

Westwood Holdings Group Stock Down 1.4 %

The business’s 50-day simple moving average is $15.49 and its two-hundred day simple moving average is $14.98. The stock has a market cap of $142.29 million, a P/E ratio of 60.68 and a beta of 1.13.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio is presently 240.00%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Westwood Holdings Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after acquiring an additional 1,206 shares in the last quarter. Garner Asset Management Corp grew its holdings in shares of Westwood Holdings Group by 8.0% in the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock valued at $1,794,000 after purchasing an additional 9,389 shares in the last quarter. De Lisle Partners LLP lifted its holdings in shares of Westwood Holdings Group by 131.4% in the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after acquiring an additional 38,996 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after buying an additional 2,178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Westwood Holdings Group by 87.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock valued at $396,000 after acquiring an additional 13,000 shares during the period. Institutional investors 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.