Westwood Holdings Group (NYSE:WHG) Share Price Crosses Above Two Hundred Day Moving Average of $12.08

Shares of Westwood Holdings Group, Inc. (NYSE:WHGGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.08 and traded as high as $12.55. Westwood Holdings Group shares last traded at $12.17, with a volume of 13,607 shares.

Westwood Holdings Group Stock Up 0.2 %

The company has a market cap of $113.30 million, a price-to-earnings ratio of 8.95 and a beta of 1.23. The business’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.08.

Westwood Holdings Group (NYSE:WHGGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.21 earnings per share for the quarter. Westwood Holdings Group had a net margin of 13.39% and a return on equity of 12.53%. The firm had revenue of $22.73 million for the quarter.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. Westwood Holdings Group’s payout ratio is currently 44.12%.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors and hedge funds have recently made changes to their positions in WHG. Gamco Investors INC. ET AL lifted its holdings in Westwood Holdings Group by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock valued at $5,643,000 after purchasing an additional 9,500 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Westwood Holdings Group by 1.0% in the 1st quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock valued at $4,359,000 after purchasing an additional 3,520 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock valued at $2,985,000 after purchasing an additional 34,697 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Westwood Holdings Group by 5.2% in the 1st 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 in the last quarter. Finally, Repertoire Partners LP purchased a new position in shares of Westwood Holdings Group during the 3rd quarter worth about $851,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

About Westwood Holdings Group

(Get Free Report)

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.

Further Reading

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