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

Westwood Holdings Group Inc (NYSE:WHG)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.42 and traded as low as $16.24. Westwood Holdings Group shares last traded at $16.35, with a volume of 5,700 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WHG shares. Weiss Ratings raised Westwood Holdings Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Westwood Holdings Group Stock Down 0.2%

The company has a 50 day moving average price of $17.29 and a 200-day moving average price of $16.42. The company has a market cap of $153.81 million, a price-to-earnings ratio of 38.92 and a beta of 0.98.

Westwood Holdings Group (NYSE:WHG) last announced its earnings results on Friday, August 8th. The asset manager reported $0.22 EPS for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.The business had revenue of $23.12 million for the quarter.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, September 2nd. Westwood Holdings Group’s dividend payout ratio is presently 142.86%.

Insider Activity

In related news, CEO Brian O. Casey sold 6,750 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $18.00, for a total value of $121,500.00. Following the transaction, the chief executive officer directly owned 505,926 shares in the company, valued at $9,106,668. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently modified their holdings of WHG. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 4.0% during the 1st quarter. Garner Asset Management Corp now owns 146,408 shares of the asset manager’s stock valued at $2,372,000 after acquiring an additional 5,655 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Westwood Holdings Group by 1.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager’s stock valued at $7,342,000 after acquiring an additional 6,480 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at $213,000. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at $366,000. 56.64% of the stock is currently owned by institutional investors.

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.