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

Westwood Holdings Group Inc (NYSE:WHG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.36 and traded as high as $19.75. Westwood Holdings Group shares last traded at $19.1090, with a volume of 13,254 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WHG. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Westwood Holdings Group Stock Down 2.1%

The firm has a fifty day moving average of $18.43 and a 200-day moving average of $17.36. The firm has a market cap of $181.31 million, a P/E ratio of 23.02 and a beta of 0.57.

Insider Transactions at Westwood Holdings Group

In other Westwood Holdings Group news, Director Susan M. Byrne sold 7,129 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $20.03, for a total transaction of $142,793.87. Following the transaction, the director directly owned 240,108 shares in the company, valued at approximately $4,809,363.24. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 59,692 shares of company stock worth $1,080,285. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors have recently modified their holdings of WHG. Marquette Asset Management LLC bought a new stake in shares of Westwood Holdings Group during the second quarter worth approximately $207,000. Empowered Funds LLC lifted its holdings in Westwood Holdings Group by 9.3% in the first quarter. Empowered Funds LLC now owns 41,898 shares of the asset manager’s stock valued at $690,000 after buying an additional 3,561 shares during the period. Bank of America Corp DE boosted its stake in Westwood Holdings Group by 1.9% in the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock valued at $920,000 after acquiring an additional 1,018 shares during the last quarter. Gabelli Funds LLC boosted its stake in Westwood Holdings Group by 6.5% in the first quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after acquiring an additional 5,004 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Westwood Holdings Group by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.