Westwood Holdings Group (NYSE:WHG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Westwood Holdings Group, Inc. (NYSE:WHG)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.95 and traded as low as $13.92. Westwood Holdings Group shares last traded at $14.51, with a volume of 19,971 shares.

Wall Street Analysts Forecast Growth

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

Westwood Holdings Group Stock Up 2.8 %

The stock has a market capitalization of $138.34 million, a PE ratio of 45.21 and a beta of 1.12. The business’s 50-day moving average is $15.44 and its two-hundred day moving average is $13.95.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 4.02%. Westwood Holdings Group’s dividend payout ratio is presently 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

Several large investors have recently added to or reduced their stakes in WHG. Arete Wealth Advisors LLC grew its stake in shares of Westwood Holdings Group by 11.9% in 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 in the last quarter. De Lisle Partners LLP raised its position 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 valued at $972,000 after acquiring an additional 38,996 shares in the last quarter. Garner Asset Management Corp grew its position in shares of Westwood Holdings Group by 8.0% during the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock valued at $1,794,000 after buying an additional 9,389 shares during the last quarter. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after purchasing an additional 1,206 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of Westwood Holdings Group by 1.4% during the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after acquiring an additional 5,121 shares during the last quarter. 56.64% of the stock is currently owned by hedge funds and other 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.