Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Westwood Holdings Group, Inc. (NYSE:WHG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.84 and traded as high as $15.30. Westwood Holdings Group shares last traded at $15.09, with a volume of 32,390 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Westwood Holdings Group Trading Down 2.3 %

The firm’s 50 day simple moving average is $15.59 and its two-hundred day simple moving average is $13.87. The firm has a market cap of $136.76 million, a price-to-earnings ratio of 44.70 and a beta of 1.12.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio is currently 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Westwood Holdings Group by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after buying an additional 12,680 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of Westwood Holdings Group by 2.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock valued at $5,595,000 after purchasing an additional 13,012 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Westwood Holdings Group by 1.4% during the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after purchasing an additional 5,121 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Westwood Holdings Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after purchasing an additional 5,793 shares during the last quarter. Finally, Garner Asset Management Corp grew its holdings in shares of Westwood Holdings Group by 8.0% during the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock valued at $1,794,000 after purchasing an additional 9,389 shares during the last quarter. 56.64% of the stock is owned by 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.