Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Below 200 Day Moving Average of $14.26

Shares of Westwood Holdings Group, Inc. (NYSE:WHGGet Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.26 and traded as low as $10.93. Westwood Holdings Group shares last traded at $11.00, with a volume of 12,264 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Westwood Holdings Group in a report on Wednesday, July 6th. They issued a “buy” rating for the company.

Westwood Holdings Group Price Performance

The firm has a fifty day moving average of $12.58 and a two-hundred day moving average of $14.26. The stock has a market capitalization of $93.06 million, a P/E ratio of 19.64 and a beta of 1.08.

Westwood Holdings Group (NYSE:WHGGet Rating) last announced its earnings results on Wednesday, July 27th. The asset manager reported $0.01 EPS for the quarter. The business had revenue of $15.60 million during the quarter. Westwood Holdings Group had a net margin of 6.23% and a return on equity of 5.34%.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Westwood Holdings Group’s dividend payout ratio is presently 107.14%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC grew its stake in shares of Westwood Holdings Group by 2.8% during the first quarter. Gabelli Funds LLC now owns 74,641 shares of the asset manager’s stock worth $1,144,000 after acquiring an additional 2,034 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Westwood Holdings Group by 9.2% during the first quarter. Bank of America Corp DE now owns 63,006 shares of the asset manager’s stock worth $965,000 after acquiring an additional 5,306 shares during the last quarter. State Street Corp grew its stake in shares of Westwood Holdings Group by 6.2% during the first quarter. State Street Corp now owns 29,021 shares of the asset manager’s stock worth $449,000 after acquiring an additional 1,698 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Westwood Holdings Group by 2,187.5% during the second quarter. Captrust Financial Advisors now owns 2,928 shares of the asset manager’s stock worth $41,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Westwood Holdings Group by 1.0% during the second quarter. Gamco Investors INC. ET AL now owns 457,458 shares of the asset manager’s stock worth $6,313,000 after acquiring an additional 4,699 shares during the last quarter. 62.69% of the stock is currently owned by institutional investors.

Westwood Holdings Group Company Profile

(Get Rating)

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.

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