Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Westwood Holdings Group Inc (NYSE:WHG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.24 and traded as low as $16.11. Westwood Holdings Group shares last traded at $16.2760, with a volume of 16,568 shares changing hands.

Wall Street Analysts Forecast Growth

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

Westwood Holdings Group Stock Down 2.0%

The firm has a market capitalization of $153.16 million, a PE ratio of 20.60 and a beta of 0.76. The company has a 50-day moving average of $17.82 and a 200 day moving average of $17.24.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. Westwood Holdings Group’s dividend payout ratio (DPR) is 75.95%.

Insider Activity

In other Westwood Holdings Group news, CEO Brian O. Casey sold 8,341 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total value of $138,043.55. Following the completion of the sale, the chief executive officer owned 492,359 shares of the company’s stock, valued at $8,148,541.45. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 11,595 shares of company stock worth $191,564. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Westwood Holdings Group in the 2nd quarter worth $63,000. Raymond James Financial Inc. bought a new position in shares of Westwood Holdings Group during the second quarter valued at about $85,000. New York State Common Retirement Fund bought a new position in shares of Westwood Holdings Group during the second quarter valued at about $98,000. JPMorgan Chase & Co. increased its holdings in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.