Westwood Holdings Group (NYSE:WHG) Stock Price Passes Below 200 Day Moving Average of $14.26

Westwood Holdings Group, Inc. (NYSE:WHGGet Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.26 and traded as low as $10.93. Westwood Holdings Group shares last traded at $11.00, with a volume of 12,264 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Westwood Holdings Group in a research note on Wednesday, July 6th. They set a “buy” rating on the stock.

Westwood Holdings Group Stock Performance

The firm’s 50 day moving average is $12.56 and its two-hundred day moving average is $14.24. The stock has a market capitalization of $87.98 million, a PE ratio of 18.57 and a beta of 1.08.

Westwood Holdings Group (NYSE:WHGGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.01 EPS for the quarter. Westwood Holdings Group had a net margin of 6.23% and a return on equity of 5.34%. The company had revenue of $15.60 million during the quarter.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. Westwood Holdings Group’s payout ratio is currently 107.14%.

Hedge Funds Weigh In On Westwood Holdings Group

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Westwood Holdings Group by 36.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 385,278 shares of the asset manager’s stock worth $5,316,000 after purchasing an additional 102,560 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Westwood Holdings Group by 74.6% during the 2nd quarter. North Star Investment Management Corp. now owns 148,375 shares of the asset manager’s stock worth $2,048,000 after purchasing an additional 63,400 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of Westwood Holdings Group by 39.0% during the 2nd quarter. Employees Retirement System of Texas now owns 114,000 shares of the asset manager’s stock worth $1,573,000 after purchasing an additional 32,000 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Westwood Holdings Group during the 2nd quarter worth about $246,000. Finally, Bank of America Corp DE boosted its stake in shares of Westwood Holdings Group by 9.2% during the 1st quarter. Bank of America Corp DE now owns 63,006 shares of the asset manager’s stock worth $965,000 after purchasing an additional 5,306 shares during the last quarter. Hedge funds and other institutional investors own 62.69% of the company’s stock.

About Westwood Holdings Group

(Get Rating)

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.

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