Westwood Holdings Group (NYSE:WHG) Stock Price Passes Above 200 Day Moving Average - Here's Why

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.20 and traded as high as $16.37. Westwood Holdings Group shares last traded at $16.20, with a volume of 16,797 shares changing hands.

Westwood Holdings Group Price Performance

The firm's 50 day moving average is $15.80 and its two-hundred day moving average is $15.28. The firm has a market capitalization of $156.08 million, a P/E ratio of 66.56 and a beta of 1.13.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The asset manager reported $0.35 earnings per share for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.15 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.61%. Westwood Holdings Group's payout ratio is 240.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in Westwood Holdings Group by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock worth $8,741,000 after purchasing an additional 1,725 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Westwood Holdings Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager's stock worth $3,755,000 after buying an additional 9,992 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Westwood Holdings Group during the 4th quarter worth about $2,533,000. Garner Asset Management Corp grew its stake in Westwood Holdings Group by 11.4% in the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock valued at $2,012,000 after buying an additional 14,427 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Westwood Holdings Group by 1.0% in the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock valued at $883,000 after buying an additional 616 shares during the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

About Westwood Holdings Group

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.