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

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.25 and traded as high as $16.07. Westwood Holdings Group shares last traded at $15.82, with a volume of 14,543 shares.

Analysts Set New Price Targets

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

Westwood Holdings Group Stock Up 1.4 %

The firm has a market cap of $146.61 million, a PE ratio of 47.93 and a beta of 1.13. The company has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $14.28.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Monday, December 2nd. Westwood Holdings Group's dividend payout ratio (DPR) is presently 181.82%.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently added to or reduced their stakes in WHG. Allspring Global Investments Holdings LLC grew its stake in shares of 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 acquiring an additional 12,680 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of 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 worth $5,595,000 after buying an additional 13,012 shares in the last quarter. North Star Investment Management Corp. lifted its stake in shares of Westwood Holdings Group by 1.4% in the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager's stock valued at $5,097,000 after purchasing an additional 5,121 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Westwood Holdings Group by 2.4% in 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 last quarter. Finally, Garner Asset Management Corp lifted 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 buying an additional 9,389 shares in the last quarter. Institutional investors own 56.64% of the company's stock.

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.