Westwood Holdings Group (NYSE:WHG) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.95 and traded as low as $13.92. Westwood Holdings Group shares last traded at $14.51, with a volume of 19,971 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 simple moving average of $15.44 and a 200 day simple moving average of $13.95. The stock has a market capitalization of $134.54 million, a P/E ratio of 43.97 and a beta of 1.12.

Westwood Holdings Group Announces Dividend

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 given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 4.14%. Westwood Holdings Group's payout ratio is 181.82%.

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted 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 valued at $2,971,000 after acquiring an additional 5,793 shares during the last quarter. Garner Asset Management Corp grew its stake in shares of 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 purchasing an additional 53,870 shares during the period. Deprince Race & Zollo Inc. increased its holdings 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 purchasing an additional 13,012 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $8,294,000 after buying an additional 12,680 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in Westwood Holdings Group by 1.4% during the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager's stock worth $5,097,000 after buying an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company's stock.

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.