Westwood Holdings Group (NYSE:WHG) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

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 $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.

Analysts Set New Price Targets

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

Westwood Holdings Group Stock Performance

The stock’s 50 day simple moving average is $15.46 and its 200-day simple moving average is $13.95. The firm has a market cap of $134.54 million, a price-to-earnings ratio of 43.97 and a beta of 1.12.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be paid a $0.15 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 4.14%. Westwood Holdings Group’s dividend payout ratio (DPR) is 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Westwood Holdings Group by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock worth $8,294,000 after purchasing an additional 12,680 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock worth $5,595,000 after acquiring an additional 13,012 shares during the period. North Star Investment Management Corp. raised its position in 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 valued at $5,097,000 after acquiring an additional 5,121 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Westwood Holdings Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after acquiring an additional 5,793 shares during the period. Finally, Garner Asset Management Corp boosted its position in Westwood Holdings Group by 8.0% in the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock worth $1,794,000 after purchasing an additional 9,389 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.