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

Shares of Westwood Holdings Group Inc (NYSE:WHG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.28 and traded as high as $19.25. Westwood Holdings Group shares last traded at $19.1990, with a volume of 13,753 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Westwood Holdings Group Price Performance

The company has a market cap of $183.01 million, a PE ratio of 23.23 and a beta of 0.57. The business has a 50-day moving average of $18.08 and a 200 day moving average of $17.29.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 1st. Westwood Holdings Group’s payout ratio is currently 72.29%.

Insider Activity at Westwood Holdings Group

In other news, Director Susan M. Byrne sold 4,481 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $19.88, for a total value of $89,082.28. Following the transaction, the director owned 230,444 shares in the company, valued at $4,581,226.72. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 63,057 shares of company stock worth $1,135,913. 17.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group during the second quarter valued at approximately $63,000. Raymond James Financial Inc. bought a new position in Westwood Holdings Group in 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 2nd quarter worth $98,000. JPMorgan Chase & Co. boosted its stake in shares of Westwood Holdings Group by 1,277.9% during the 2nd 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 last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Westwood Holdings Group by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 2,861 shares during the period. Hedge funds and other institutional investors 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.