Westwood Holdings Group (NYSE:WHG) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Westwood Holdings Group Inc (NYSE:WHG)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.94 and traded as high as $18.12. Westwood Holdings Group shares last traded at $17.92, with a volume of 12,069 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Westwood Holdings Group Trading Up 1.6%

The stock has a market capitalization of $168.59 million, a price-to-earnings ratio of 21.85 and a beta of 0.80. The business has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $16.96.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, December 1st. Westwood Holdings Group’s payout ratio is presently 73.17%.

Insider Buying and Selling

In other Westwood Holdings Group news, CEO Brian O. Casey sold 8,341 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $16.55, for a total transaction of $138,043.55. Following the transaction, the chief executive officer owned 492,359 shares of the company’s stock, valued at $8,148,541.45. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 11,965 shares of company stock worth $197,854 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

Institutional Trading of Westwood Holdings Group

A number of institutional investors and hedge funds have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group during the second quarter valued at about $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter worth about $85,000. New York State Common Retirement Fund acquired a new stake in Westwood Holdings Group during the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. increased its position in Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group in the first quarter valued at approximately $213,000. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.