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

Westwood Holdings Group Inc (NYSE:WHG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.51 and traded as low as $16.41. Westwood Holdings Group shares last traded at $16.6850, with a volume of 18,016 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WHG shares. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Wall Street Zen raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Westwood Holdings Group presently has an average rating of “Hold”.

Westwood Holdings Group Trading Down 0.4%

The stock has a market capitalization of $156.97 million, a P/E ratio of 39.73 and a beta of 0.98. The stock has a 50 day moving average of $16.90 and a 200-day moving average of $16.51.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Thursday, October 30th. The asset manager reported $0.49 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.The firm had revenue of $24.29 million during the quarter.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s dividend payout ratio (DPR) is 73.17%.

Insider Activity at Westwood Holdings Group

In other news, CEO Brian O. Casey sold 6,750 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $18.00, for a total transaction of $121,500.00. Following the transaction, the chief executive officer directly owned 505,926 shares of the company’s stock, valued at approximately $9,106,668. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Westwood Holdings Group

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Westwood Holdings Group during the second quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in shares of Westwood Holdings Group during the second quarter worth approximately $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group during the second quarter worth approximately $98,000. JPMorgan Chase & Co. increased its position in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after acquiring an additional 6,990 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group during the first quarter worth approximately $213,000. 56.64% of the stock is owned by hedge funds and other 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.