Westwood Holdings Group (NYSE:WHG) Share Price Passes Above Two Hundred Day Moving Average of $11.28

Westwood Holdings Group, Inc. (NYSE:WHGGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $13.22. Westwood Holdings Group shares last traded at $13.22, with a volume of 9,348 shares.

Westwood Holdings Group Stock Performance

The company has a market cap of $123.34 million, a price-to-earnings ratio of 11.20 and a beta of 1.23. The firm has a fifty day moving average price of $12.24 and a 200 day moving average price of $11.28.

Westwood Holdings Group (NYSE:WHGGet Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The asset manager reported $0.47 earnings per share for the quarter. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%. The business had revenue of $23.23 million for the quarter.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Thursday, February 29th. Westwood Holdings Group’s payout ratio is 50.85%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WHG. UBS Group AG increased its position in Westwood Holdings Group by 73.8% during the 1st quarter. UBS Group AG now owns 2,350 shares of the asset manager’s stock worth $26,000 after buying an additional 998 shares during the period. Captrust Financial Advisors increased its position in shares of Westwood Holdings Group by 2,187.5% in the second quarter. Captrust Financial Advisors now owns 2,928 shares of the asset manager’s stock worth $40,000 after purchasing an additional 2,800 shares during the period. Royal Bank of Canada increased its position in shares of Westwood Holdings Group by 1,720.0% in the fourth quarter. Royal Bank of Canada now owns 7,280 shares of the asset manager’s stock worth $91,000 after purchasing an additional 6,880 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Westwood Holdings Group in the fourth quarter worth $127,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of Westwood Holdings Group in the third quarter worth $147,000. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

(Get Free Report)

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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