Westwood Holdings Group (NYSE:WHG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Westwood Holdings Group, Inc. (NYSE:WHG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.16 and traded as high as $15.70. Westwood Holdings Group shares last traded at $15.62, with a volume of 18,255 shares changing hands.

Analyst Ratings Changes

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

Westwood Holdings Group Trading Down 1.0 %

The firm’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $13.19. The stock has a market capitalization of $146.84 million, a price-to-earnings ratio of 47.09 and a beta of 1.13.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 181.82%.

Institutional Trading of Westwood Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of WHG. Garner Asset Management Corp boosted its holdings in shares of Westwood Holdings Group by 85.4% during the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after buying an additional 53,870 shares during the period. De Lisle Partners LLP boosted its holdings in shares of Westwood Holdings Group by 131.4% during the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after buying an additional 38,996 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Westwood Holdings Group by 16.7% during the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after buying an additional 34,697 shares during the period. Deprince Race & Zollo Inc. raised its stake in Westwood Holdings Group by 2.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock worth $5,595,000 after purchasing an additional 13,012 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Westwood Holdings Group by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock worth $8,294,000 after purchasing an additional 12,680 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

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.