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

Westwood Holdings Group Inc (NYSE:WHG) crossed 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 changing hands.

Wall Street Analyst Weigh In

WHG has been the subject of several recent research reports. 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. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Westwood Holdings Group Stock Performance

The firm has a market capitalization of $182.20 million, a P/E ratio of 23.13 and a beta of 0.57. The business’s fifty day moving average price is $18.01 and its two-hundred day moving average price is $17.28.

Westwood Holdings Group Dividend Announcement

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

Insiders Place Their Bets

In other Westwood Holdings Group news, Director Susan M. Byrne sold 4,481 shares of Westwood Holdings Group stock in a transaction 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 directly owned 230,444 shares of the company’s stock, valued at approximately $4,581,226.72. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 63,757 shares of company stock valued at $1,147,211 in the last three months. 17.40% of the stock is owned by company insiders.

Institutional Trading of Westwood Holdings Group

A number of institutional investors have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter worth $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group during the 2nd quarter valued at about $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group in the second quarter valued at about $98,000. JPMorgan Chase & Co. raised its stake in Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Westwood Holdings Group by 39.9% in the fourth 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 and hedge funds 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.