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Westwood Holdings Group, Inc. - WHG STOCK NEWS

Welcome to our dedicated page for Westwood Holdings Group news (Ticker: WHG), a resource for investors and traders seeking the latest updates and insights on Westwood Holdings Group stock.

Westwood Holdings Group, Inc. (NYSE: WHG) is a premier investment management firm headquartered in Dallas, with additional offices in Toronto, Boston, and Houston. The company offers a diverse range of investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. With a robust $21.6 billion in assets under management as of June 30, 2018, Westwood has solidified its position in the investment landscape.

Westwood provides services through two primary segments: Advisory and Trust. The Advisory segment offers investment advisory services to corporate and public retirement plans, endowments, foundations, individual clients, and the Westwood Funds. This segment also provides sub-advisory services to mutual funds. Meanwhile, the Trust segment caters to high-net-worth individuals and institutions by offering trust and custodial services.

Westwood's investment strategies span various asset classes, including U.S. equities, multi-asset, global and emerging markets equities, global convertible securities, and master limited partnerships (MLPs). These strategies are accessible through separate accounts, the Westwood Funds® family of mutual funds, UCITS funds, and other pooled investment vehicles.

The company benefits from significant employee ownership, which aligns the interests of its workforce with those of its clients. This structure underpins the firm's commitment to delivering exceptional investment performance and client service.

Westwood's latest news highlights the launch of its second ETF, the Westwood Salient Enhanced Energy Income ETF (WEEI). This ETF diversifies exposure across the energy sector, including upstream, downstream, oil service, and integrated companies. WEEI aims to provide high income generation with an annualized yield target of 6-8%, significantly higher than traditional energy ETFs. This launch follows the successful introduction of the Westwood Midstream Plus ETF (MDST), reflecting the firm's ongoing innovation in serving its clients' evolving investment needs.

Westwood Holdings Group continues to be a trusted name in investment management, known for its comprehensive investment solutions, client-centric approach, and financial expertise.

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Westwood Holdings Group, Inc. (NYSE:WHG) has announced its second quarter 2024 earnings release and conference call schedule. The company will release its Q2 2024 earnings after the NYSE closes on Wednesday, July 31, 2024. Following the release, Westwood will host a live audio webcast and conference call at 4:30 pm Eastern Time (3:30 pm Central Time).

Interested parties can register for the conference call through a provided link, which will supply a dial-in number and personalized PIN. A webcast link is also available for those who prefer to listen via the internet. Westwood, founded in 1983, is a focused investment management boutique and wealth management firm offering various investment solutions to institutional investors, private wealth clients, and financial intermediaries.

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Westwood Holdings Group (WHG) has announced monthly income distributions for two of its ETFs: Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). MDST has declared a distribution of $0.225 per share with an annualized distribution rate of 10.7%, while WEEI has announced a similar payout with an annualized distribution rate of 11.4%. These actively managed funds generate income through dividends and options premiums from covered calls in the energy sector and aim to provide significant monthly income distributions for investors. As of June 30, 2024, MDST and WEEI have net assets of $43 million and $13 million respectively.

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Westwood Holdings Group (WHG) announced monthly income distributions for its Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). Both ETFs offer income from dividends and options premiums, providing double-digit income rates of 11% and 11.4% respectively.

MDST, launched on April 9, 2024, invests in midstream energy companies and holds $38.74 million in net assets. WEEI, launched on May 1, 2024, focuses on various energy companies and has $2.96 million in net assets. These funds aim to generate high monthly income while offering potential equity appreciation.

However, the announcement cautions that the annualized distribution rates are based on current conditions and may not be sustainable, potentially leading to significant investment losses if market conditions change unfavorably.

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Westwood Holdings Group, Inc. reported strong first quarter 2024 earnings, with various strategies beating benchmarks. The company launched two ETFs and saw a decrease in quarterly revenues. Comprehensive income was $2.3 million, with a cash dividend of $0.15 per share declared. Assets under management reached $17.2 billion, the highest in six years. CEO Brian Casey highlighted investments in new products and infrastructure to drive future growth.

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Westwood Holdings Group (WHG) has announced the launch of the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), the second ETF from the company. This new actively managed ETF aims to provide high distributable monthly income by combining dividend yield and options premiums from covered calls, while still offering potential equity appreciation within the energy sector. With a focus on current income and capital appreciation, WEEI offers exposure to a wide range of energy companies, including upstream, downstream, oil service, and integrated companies, presenting a diversified portfolio closely tied to commodity pricing. The ETF targets an annualized yield in the range of 6-8% annually, exceeding traditional energy ETFs' 3% yields, making it an attractive option for retail investors seeking both income and total return.

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Westwood Holdings Group announces the hiring of Michael Kovacs as a senior solutions portfolio manager to enhance technology-driven equity solutions for institutional and wealth investors. Kovacs brings over 20 years of experience in leveraging technology to improve portfolio management capabilities.
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Westwood Holdings Group, Inc. will release its first quarter 2024 earnings on May 1, 2024, followed by a conference call/webcast. The company offers investment solutions to institutional investors, private wealth clients, and financial intermediaries, specializing in various investment capabilities. Westwood trades on the NYSE under the symbol 'WHG'.
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Westwood Holdings Group (WHG) launches the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) to provide high monthly distributable income through investing in midstream energy companies and MLPs. The ETF aims to deliver current income and capital appreciation by utilizing an options overlay for enhanced income distributions.
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Westwood Holdings Group announces founder Susan M. Byrne transitioning to Director Emerita role, not seeking re-election. CEO Brian Casey expresses gratitude for Byrne's contributions and leadership at Westwood.
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Westwood Holdings Group, Inc. (WHG) reported strong fourth-quarter earnings with various investment strategies outperforming benchmarks. Quarterly revenues increased to $23.2 million, comprehensive income was $2.6 million, and non-GAAP Economic Earnings reached $5.2 million. The company's annual comprehensive income totaled $9.5 million, with $53.1 million in cash and short-term investments. Westwood declared a cash dividend of $0.15 per common share. The CEO highlighted positive results from strategies, upcoming SmidCap Value wins, and business growth. Revenues increased due to higher AUM following acquisitions, with firmwide assets under management totaling $16.6 billion. Net income for the fourth quarter was $2.6 million, with diluted EPS of $0.32. Non-GAAP Economic Earnings were $0.63 per share. 2023 net income was $10.6 million, with diluted EPS of $1.17 and Economic EPS of $2.55.
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FAQ

What services does Westwood Holdings Group, Inc. provide?

Westwood offers investment management services to institutional investors, private wealth clients, and financial intermediaries.

What are the main segments of Westwood Holdings Group's business?

The main segments are Advisory, which provides investment advisory services, and Trust, which offers trust and custodial services.

What types of investment strategies does Westwood offer?

Westwood’s strategies include U.S. equities, multi-asset, global and emerging markets equities, global convertible securities, and MLP portfolios.

How can clients access Westwood's investment strategies?

Clients can access these strategies through separate accounts, Westwood Funds® mutual funds, UCITS funds, and other pooled vehicles.

What is the significance of employee ownership at Westwood Holdings Group?

Significant employee ownership aligns the interests of employees with clients, ensuring a commitment to exceptional performance and service.

What is the latest product launched by Westwood Holdings Group?

The latest product is the Westwood Salient Enhanced Energy Income ETF (WEEI), targeting high income generation in the energy sector.

Where is Westwood Holdings Group headquartered?

The company is headquartered in Dallas, Texas, with additional offices in Toronto, Boston, and Houston.

How much in assets does Westwood Holdings Group manage?

As of June 30, 2018, Westwood manages $21.6 billion in assets.

Which segment generates the most revenue for Westwood Holdings Group?

The Advisory segment generates the majority of Westwood’s revenue.

Where does Westwood Holdings Group derive most of its revenue geographically?

Westwood derives the majority of its revenue from the United States.

Westwood Holdings Group, Inc.

NYSE:WHG

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