Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.79 and traded as high as $16.39. Westwood Holdings Group shares last traded at $16.25, with a volume of 16,247 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Westwood Holdings Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th.
View Our Latest Report on WHG
Westwood Holdings Group Trading Down 0.5 %
The firm has a 50-day moving average of $15.40 and a 200 day moving average of $14.90. The company has a market cap of $142.20 million, a P/E ratio of 61.34 and a beta of 1.13.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.
Westwood Holdings Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group's dividend payout ratio (DPR) is currently 240.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in WHG. Barclays PLC raised its stake in Westwood Holdings Group by 180.7% during the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after buying an additional 1,966 shares during the period. Millennium Management LLC acquired a new position in Westwood Holdings Group during the 4th quarter worth approximately $146,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Westwood Holdings Group during the 4th quarter worth approximately $160,000. Arete Wealth Advisors LLC raised its stake in Westwood Holdings Group by 11.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager's stock worth $294,000 after buying an additional 2,178 shares during the period. Finally, 683 Capital Management LLC acquired a new position in Westwood Holdings Group during the 4th quarter worth approximately $322,000. 56.64% of the stock is owned by institutional investors and hedge funds.
About Westwood Holdings Group
(
Get Free Report)
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.
Read More
Before you consider Westwood Holdings Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westwood Holdings Group wasn't on the list.
While Westwood Holdings Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
