Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Below Two Hundred 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 $16.92 and traded as low as $16.20. Westwood Holdings Group shares last traded at $16.39, with a volume of 8,487 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Westwood Holdings Group currently has a consensus rating of “Buy”.

Westwood Holdings Group Stock Up 1.2%

The company has a market cap of $155.38 million, a P/E ratio of 20.75 and a beta of 0.76. The stock’s 50-day moving average price is $16.73 and its 200 day moving average price is $16.92.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 75.95%.

Insider Buying and Selling

In other news, insider Matthew Lockridge sold 5,379 shares of Westwood Holdings Group stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total value of $87,247.38. Following the transaction, the insider owned 77,900 shares of the company’s stock, valued at $1,263,538. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian O. Casey sold 18,943 shares of Westwood Holdings Group stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total transaction of $307,255.46. Following the completion of the transaction, the chief executive officer directly owned 530,610 shares in the company, valued at approximately $8,606,494.20. This represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,176 shares of company stock valued at $716,535. 17.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Westwood Holdings Group in the second quarter worth $63,000. Raymond James Financial Inc. acquired a new stake in shares of Westwood Holdings Group in the second quarter worth $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group in the second quarter worth $98,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after acquiring an additional 2,861 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

About Westwood Holdings Group

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.