Westwood Holdings Group (NYSE:WHG) Stock Passes Above 200 Day Moving Average of $11.83

Westwood Holdings Group, Inc. (NYSE:WHG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.83 and traded as high as $12.08. Westwood Holdings Group shares last traded at $12.08, with a volume of 33,303 shares.

Westwood Holdings Group Stock Up 0.3 %

The stock has a market capitalization of $112.46 million, a price-to-earnings ratio of 8.88 and a beta of 1.23. The business’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $11.83.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share for the quarter. The company had revenue of $22.73 million during the quarter. Westwood Holdings Group had a net margin of 13.39% and a return on equity of 12.53%.

Westwood Holdings Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.97%. Westwood Holdings Group’s payout ratio is 44.12%.

Institutional Trading of Westwood Holdings Group

Several large investors have recently bought and sold shares of the business. Gabelli Funds LLC lifted its holdings in shares of Westwood Holdings Group by 19.3% in the third quarter. Gabelli Funds LLC now owns 97,496 shares of the asset manager’s stock worth $990,000 after acquiring an additional 15,751 shares during the last quarter. Cerity Partners LLC acquired a new stake in Westwood Holdings Group in the fourth quarter valued at approximately $258,000. North Star Investment Management Corp. grew its stake in shares of Westwood Holdings Group by 12.0% during the fourth quarter. North Star Investment Management Corp. now owns 350,317 shares of the asset manager’s stock worth $4,403,000 after buying an additional 37,559 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Westwood Holdings Group during the fourth quarter worth $127,000. Finally, Repertoire Partners LP acquired a new position in shares of Westwood Holdings Group during the third quarter worth $851,000. 56.64% of the stock is owned by institutional investors and hedge funds.

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.