Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.84 and traded as high as $15.30. Westwood Holdings Group shares last traded at $15.09, with a volume of 32,390 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Westwood Holdings Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th.
View Our Latest Research Report on WHG
Westwood Holdings Group Price Performance
The firm has a market cap of $136.76 million, a price-to-earnings ratio of 44.70 and a beta of 1.12. The firm's 50 day moving average price is $15.60 and its 200-day moving average price is $13.86.
Westwood Holdings Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 4.07%. Westwood Holdings Group's payout ratio is 181.82%.
Institutional Investors Weigh In On Westwood Holdings Group
Several hedge funds have recently made changes to their positions in WHG. Garner Asset Management Corp boosted its stake in Westwood Holdings Group by 85.4% during the second 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. De Lisle Partners LLP boosted its position in shares of Westwood Holdings Group by 131.4% during the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager's stock valued at $972,000 after acquiring an additional 38,996 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in Westwood Holdings Group by 2.9% in the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager's stock valued at $5,595,000 after acquiring an additional 13,012 shares during the period. Allspring Global Investments Holdings LLC raised its position in Westwood Holdings Group by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager's stock worth $8,294,000 after purchasing an additional 12,680 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Westwood Holdings Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager's stock worth $2,971,000 after purchasing an additional 5,793 shares during the period. Institutional investors own 56.64% of the company's stock.
About Westwood Holdings Group
(
Get Free Report)
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.
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