Westwood Holdings Group (NYSE:WHG) Shares Cross Above 200 Day Moving Average – Time to Sell?

Westwood Holdings Group, Inc. (NYSE:WHG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.05 and traded as high as $15.14. Westwood Holdings Group shares last traded at $14.67, with a volume of 13,873 shares.

Analyst Upgrades and Downgrades

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

Westwood Holdings Group Trading Down 1.3 %

The company has a market capitalization of $136.02 million, a PE ratio of 44.46 and a beta of 1.13. The business’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $14.05.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 4.09%. Westwood Holdings Group’s dividend payout ratio is presently 181.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC grew its holdings in shares of Westwood Holdings Group by 11.9% in the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after purchasing an additional 2,178 shares during the period. Empowered Funds LLC raised its position in shares of Westwood Holdings Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock valued at $357,000 after buying an additional 1,206 shares during the period. De Lisle Partners LLP lifted its holdings in 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 acquiring an additional 38,996 shares during the last quarter. Garner Asset Management Corp lifted its stake in shares of Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after purchasing an additional 53,870 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 worth $2,971,000 after purchasing an additional 5,793 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.