Westwood Holdings Group (NYSE:WHG) Stock Passes Above 200-Day Moving Average – Here’s Why

Westwood Holdings Group Inc (NYSE:WHG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.19 and traded as high as $17.73. Westwood Holdings Group shares last traded at $17.74, with a volume of 6,823 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

Westwood Holdings Group Price Performance

The company has a 50 day moving average of $17.52 and a 200-day moving average of $17.19. The company has a market cap of $166.93 million, a P/E ratio of 21.63 and a beta of 0.80.

Insider Buying and Selling

In other news, CEO Brian O. Casey sold 8,341 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $16.55, for a total value of $138,043.55. Following the transaction, the chief executive officer owned 492,359 shares of the company’s stock, valued at $8,148,541.45. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 11,965 shares of company stock valued at $197,854. 8.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Westwood Holdings Group during the second quarter worth about $63,000. Raymond James Financial Inc. bought a new position in shares of Westwood Holdings Group during the 2nd quarter valued at about $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group during the 2nd quarter valued at about $98,000. JPMorgan Chase & Co. lifted its position in Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group in the first quarter worth approximately $213,000. Institutional investors own 56.64% of the company’s stock.

About Westwood Holdings Group

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.