Westwood Holdings Group (NYSE:WHG) Stock Passes Above 200 Day Moving Average - Time to Sell?

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.16 and traded as high as $15.70. Westwood Holdings Group shares last traded at $15.62, with a volume of 18,255 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 stock has a 50 day moving average of $14.50 and a 200-day moving average of $13.17. The firm has a market capitalization of $148.35 million, a P/E ratio of 47.24 and a beta of 1.13.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group's dividend payout ratio is currently 181.82%.

Institutional Investors Weigh In On Westwood Holdings Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WHG. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 7.6% during the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager's stock valued at $275,000 after buying an additional 1,575 shares during the period. Garner Asset Management Corp increased its position in shares of Westwood Holdings Group by 4.4% during the first quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager's stock valued at $777,000 after buying an additional 2,672 shares during the period. De Lisle Partners LLP increased its position in shares of Westwood Holdings Group by 131.4% during the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager's stock valued at $972,000 after buying an additional 38,996 shares during the period. Gabelli Funds LLC increased its position in shares of Westwood Holdings Group by 5.2% during the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager's stock valued at $1,290,000 after buying an additional 5,127 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 valued at $2,971,000 after buying an additional 5,793 shares during the period. 56.64% of the stock is currently owned by institutional investors.

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.