Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.05 and traded as high as $15.14. Westwood Holdings Group shares last traded at $14.67, with a volume of 13,873 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Westwood Holdings Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

The company has a market cap of $136.02 million, a PE ratio of 44.46 and a beta of 1.13. The company has a fifty day moving average of $15.35 and a two-hundred day moving average of $14.06.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were issued a $0.15 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 4.09%. Westwood Holdings Group's dividend payout ratio (DPR) is presently 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently added to or reduced their stakes in WHG. Arete Wealth Advisors LLC boosted its position in shares of Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager's stock valued at $294,000 after buying an additional 2,178 shares during the period. De Lisle Partners LLP lifted its stake 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 worth $972,000 after acquiring an additional 38,996 shares during the last quarter. Garner Asset Management Corp boosted its holdings in Westwood Holdings Group by 8.0% during the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager's stock valued at $1,794,000 after acquiring an additional 9,389 shares during the period. Empowered Funds LLC grew its position in Westwood Holdings Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager's stock valued at $357,000 after acquiring an additional 1,206 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Westwood Holdings Group by 1.4% in the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager's stock worth $5,097,000 after purchasing an additional 5,121 shares during the period. 56.64% of the stock is currently owned by institutional investors.

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.