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

Westwood Holdings Group, Inc. (NYSE:WHG) 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 Performance

The company has a 50-day simple moving average of $15.52 and a 200-day simple moving average of $15.00. The stock has a market cap of $143.70 million, a P/E ratio of 61.28 and a beta of 1.13.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share (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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio is 240.00%.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors have recently modified their holdings of WHG. Millennium Management LLC acquired a new position in Westwood Holdings Group in the fourth quarter valued at approximately $146,000. Bank of America Corp DE lifted its stake in shares of Westwood Holdings Group by 1.0% in the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager’s stock valued at $883,000 after purchasing an additional 616 shares during the period. Ancora Advisors LLC bought a new position in shares of Westwood Holdings Group in the 4th quarter worth $348,000. 683 Capital Management LLC acquired a new stake in shares of Westwood Holdings Group during the fourth quarter worth $322,000. Finally, Northern Trust Corp lifted its stake in Westwood Holdings Group by 29.5% in the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager’s stock valued at $545,000 after buying an additional 8,562 shares during the period. 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.