Westwood Holdings Group (NYSE:WHG) Stock Price Passes Above 200-Day Moving Average Following Insider Selling

Westwood Holdings Group Inc (NYSE:WHG) shares crossed above its 200-day moving average during trading on Thursday after an insider bought additional shares in the company. The stock has a 200-day moving average of $16.23 and traded as high as $17.46. Westwood Holdings Group shares last traded at $17.42, with a volume of 4,310 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th.

Westwood Holdings Group Trading Up 0.3%

The firm has a market cap of $163.96 million, a price-to-earnings ratio of 41.49 and a beta of 1.00. The stock’s 50 day moving average is $17.21 and its 200 day moving average is $16.23.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Friday, August 8th. The asset manager reported $0.22 earnings per share for the quarter. The firm had revenue of $23.12 million for the quarter. Westwood Holdings Group had a net margin of 3.92% and a return on equity of 5.19%.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Westwood Holdings Group’s dividend payout ratio is currently 142.86%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Westwood Holdings Group by 180.7% in the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 1,966 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Westwood Holdings Group in the 2nd quarter valued at about $63,000. Raymond James Financial Inc. bought a new position in Westwood Holdings Group in the 2nd quarter valued at about $85,000. New York State Common Retirement Fund bought a new position in Westwood Holdings Group in the 2nd quarter valued at about $98,000. Finally, JPMorgan Chase & Co. raised its holdings in Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 6,990 shares during the period. 56.64% of the stock is owned by 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.