Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Westwood Holdings Group Inc (NYSE:WHG) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.94 and traded as high as $18.12. Westwood Holdings Group shares last traded at $17.92, with a volume of 12,069 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group currently has an average rating of “Buy”.

Westwood Holdings Group Price Performance

The business’s 50-day moving average price is $16.94 and its 200 day moving average price is $16.96. The firm has a market capitalization of $168.59 million, a price-to-earnings ratio of 21.85 and a beta of 0.80.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 73.17%.

Insider Activity

In related news, CEO Brian O. Casey sold 8,341 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total value of $138,043.55. Following the transaction, the chief executive officer owned 492,359 shares in the company, valued at approximately $8,148,541.45. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 11,965 shares of company stock worth $197,854 over the last 90 days. 8.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently bought and sold shares of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Westwood Holdings Group during the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new stake in Westwood Holdings Group in the second quarter valued at $85,000. New York State Common Retirement Fund bought a new position in Westwood Holdings Group during the 2nd quarter valued at $98,000. JPMorgan Chase & Co. grew its holdings in 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 in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Westwood Holdings Group in the 1st quarter worth about $213,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

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.