Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Westwood Holdings Group, Inc. (NYSE:WHG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.98 and traded as high as $15.30. Westwood Holdings Group shares last traded at $15.17, with a volume of 14,744 shares changing hands.

Westwood Holdings Group Stock Performance

The company has a 50-day moving average of $15.52 and a 200-day moving average of $15.00. The firm has a market capitalization of $143.70 million, a price-to-earnings ratio of 61.28 and a beta of 1.13.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 240.00%.

Institutional Trading of Westwood Holdings Group

A number of institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Westwood Holdings Group in the 4th quarter valued at approximately $146,000. Bank of America Corp DE boosted its position in Westwood Holdings Group by 1.0% during the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager’s stock worth $883,000 after acquiring an additional 616 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Westwood Holdings Group during the 4th quarter worth approximately $348,000. 683 Capital Management LLC acquired a new stake in shares of Westwood Holdings Group in the fourth quarter valued at approximately $322,000. Finally, Northern Trust Corp lifted its position in shares of Westwood Holdings Group by 29.5% in the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager’s stock worth $545,000 after purchasing an additional 8,562 shares in the last quarter. 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.