Westwood Holdings Group (NYSE:WHG) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.68 and traded as high as $14.51. Westwood Holdings Group shares last traded at $14.33, with a volume of 4,820 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Westwood Holdings Group in a research report on Saturday. They set a "buy" rating for the company.

Westwood Holdings Group Stock Performance

The stock has a market cap of $133.46 million, a P/E ratio of 10.54 and a beta of 1.15. The firm has a 50 day moving average of $12.99 and a two-hundred day moving average of $12.68.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%. The company had revenue of $22.69 million during the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Friday, August 30th. Westwood Holdings Group's payout ratio is presently 44.12%.

Institutional Trading of Westwood Holdings Group

Hedge funds have recently modified their holdings of the company. Deprince Race & Zollo Inc. raised its stake in shares of Westwood Holdings Group by 2.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager's stock valued at $5,595,000 after buying an additional 13,012 shares in the last quarter. Garner Asset Management Corp raised its holdings in shares of Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager's stock worth $1,424,000 after buying an additional 53,870 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager's stock worth $2,971,000 after buying an additional 5,793 shares during the period. Gabelli Funds LLC lifted its position in shares of Westwood Holdings Group by 5.2% during the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager's stock worth $1,290,000 after buying an additional 5,127 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Westwood Holdings Group by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager's stock valued at $5,643,000 after buying an additional 9,500 shares in the last quarter. Institutional investors own 56.64% of the company's stock.

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.