Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Westwood Holdings Group, Inc. (NYSE:WHG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.16 and traded as high as $15.70. Westwood Holdings Group shares last traded at $15.62, with a volume of 18,255 shares changing hands.

Analyst Upgrades and Downgrades

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

Westwood Holdings Group Trading Down 1.0 %

The firm’s 50-day moving average price is $14.56 and its 200 day moving average price is $13.19. The company has a market capitalization of $146.84 million, a price-to-earnings ratio of 47.09 and a beta of 1.13.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio is 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in shares of Westwood Holdings Group by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after purchasing an additional 1,575 shares during the last quarter. Garner Asset Management Corp raised its holdings in Westwood Holdings Group by 4.4% during the first quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after buying an additional 2,672 shares during the last quarter. De Lisle Partners LLP raised its holdings in shares of Westwood Holdings Group by 131.4% in the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock valued at $972,000 after purchasing an additional 38,996 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Westwood Holdings Group by 5.2% in the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 5,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Westwood Holdings Group by 2.4% in the second 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. 56.64% of the stock is currently owned by institutional investors and hedge funds.

About Westwood Holdings Group

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.