Westwood Holdings Group (NYSE:WHG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Westwood Holdings Group Inc (NYSE:WHG) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.24 and traded as low as $16.11. Westwood Holdings Group shares last traded at $16.2760, with a volume of 16,568 shares traded.

Analyst Ratings Changes

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

Westwood Holdings Group Trading Down 2.0%

The firm has a market cap of $153.16 million, a PE ratio of 20.60 and a beta of 0.76. The firm has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $17.24.

Westwood Holdings Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 75.95%.

Insiders Place Their Bets

In other Westwood Holdings Group news, CEO Brian O. Casey sold 8,341 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $16.55, for a total transaction of $138,043.55. Following the transaction, the chief executive officer directly owned 492,359 shares of the company’s stock, valued at approximately $8,148,541.45. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 11,595 shares of company stock valued at $191,564 in the last quarter. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

A number of large investors have recently modified their holdings of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Westwood Holdings Group during the second quarter valued at about $63,000. Raymond James Financial Inc. bought a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund bought a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. grew its holdings 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 period. Finally, Wells Fargo & Company MN raised its position in shares of Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after acquiring an additional 2,861 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

About Westwood Holdings Group

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.