Welcome to our dedicated page for Westwood Hldgs news (Ticker: WHG), a resource for investors and traders seeking the latest updates and insights on Westwood Hldgs stock.
Westwood Holdings Group, Inc. (NYSE: WHG) is a focused investment management boutique and wealth management firm whose news flow reflects developments across its advisory, trust, mutual fund, ETF and private fund platforms. As a boutique asset management firm, Westwood regularly reports on its actively managed, outcome-oriented investment strategies and white-glove trust and wealth services for institutional, intermediary and private wealth clients.
News about Westwood often centers on quarterly earnings releases, which detail advisory and trust fee revenues, assets under management and advisement, and the performance of key strategies such as Income Opportunity, Multi-Asset Income, Alternative Income, Credit Opportunities, Real Estate Income and Tactical Growth. These updates provide insight into how the firm’s advisory and trust segments are performing and how its diversified platform is evolving over time.
Another recurring theme in WHG news is the firm’s activity in energy and real assets. Westwood has highlighted that it manages significant public and private energy investments and has developed an energy secondaries platform, including the Westwood Energy Secondaries Fund II and related co-investment funds. Press releases describe capital raising milestones, deployment of capital into energy-focused secondary and continuation fund opportunities, and the firm’s relationships with energy private equity sponsors.
Westwood’s news stream also features announcements related to its exchange-traded funds, including the Westwood Salient Enhanced Midstream Income ETF (MDST) and the Westwood Salient Enhanced Energy Income ETF (WEEI). These releases typically cover monthly income distributions, standardized performance data and strategy descriptions, such as the use of dividend yield and covered call options to target monthly income distributions in the energy sector.
In addition, WHG appears in partnership announcements, such as its operational and distribution support role for WEBs Investments’ Defined Volatility ETF suite. Investors and observers who follow WHG news can track earnings results, fund launches and closes, ETF distribution announcements and strategic partnerships in one place, making this news feed a useful reference for understanding how Westwood’s advisory, trust, ETF and private fund businesses are developing.
Westwood Holdings Group (NYSE:WHG) will announce its first quarter 2021 earnings after the market closes on April 28, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. Interested participants can listen via telephone or online at westwoodgroup.com/investor-relations/events-webcasts.
The conference call can be accessed by calling 877-303-6235 (U.S.) or 631-291-4837 (International). Replay is available until May 5, 2021.
Westwood Holdings Group (NYSE: WHG) reported fourth quarter earnings with revenues of $17.1 million, an increase from $15.5 million in Q3. The company reinstated a cash dividend of $0.10 per share, payable April 1, 2021. Net income was $2.8 million, a significant recovery from a $10.3 million loss in Q3. Assets under management rose to $13.0 billion from $12.0 billion due to market appreciation. Though 2020 ended with a net loss of $8.9 million, the company sees positive growth potential moving forward.
Westwood Holdings Group, Inc. (NYSE:WHG) announced that it will release its fourth quarter 2020 earnings after the close of the NYSE on February 10, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. The call can be accessed via phone or through Westwood's website. Westwood specializes in investment management, offering equity and multi-asset solutions to various clients. The firm is notable for its broad-based employee ownership and operates primarily out of Dallas with a secondary office in Houston.
Westwood Holdings Group announced changes to its Multi-Asset team, aimed at enhancing its investment strategies. Adrian Helfert has led the team since January 2019, now joined by Scott Barnard and other specialists to manage various funds, including the Income Opportunity Fund and High Income Fund. The firm will no longer offer standalone convertible securities strategies, with three team members transitioning back to Aviva Investors. Westwood, based in Dallas, emphasizes employee ownership and manages investments focusing on U.S. Value Equity and Multi-Asset strategies.
Westwood Holdings Group (NYSE: WHG) reported a net loss of $10.3 million for Q3 2020, significantly impacted by one-time, non-cash items. Revenues decreased to $15.5 million, down from $15.9 million in Q2 2020 and $19.9 million a year earlier. However, several investment strategies outperformed their benchmarks, with Total Return achieving a top quartile ranking. The company’s cash position improved to $77.6 million, up by $3.4 million from the previous quarter, with no debt. The report highlights ongoing adjustments in operations, including the closure of Westwood International Advisors.
Westwood Holdings Group (NYSE: WHG) will release its third quarter 2020 earnings on October 28, 2020, after the market closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can participate by calling 877-303-6235 (U.S.) or 631-291-4837 (International). A replay will be available until November 5. Westwood specializes in investment management, providing solutions across U.S. Value Equity, Multi-Asset, Convertibles, and Fixed Income. For more details, visit westwoodgroup.com.
Westwood Holdings Group (NYSE: WHG) reported a net loss of $2.6 million for Q2 2020, down from a net income of $1.1 million in Q1 2020. Revenues decreased to $15.9 million from $16.7 million in Q1 and $21.7 million year-over-year, attributed to lower assets under management (AUM) of $11.9 billion. Various investment strategies performed well, with several beating benchmarks. As part of a strategic restructuring plan, the Toronto office will close, aiming to reduce expenses and enhance long-term growth initiatives. The company repurchased shares worth $8.1 million.
Westwood Holdings Group will announce its second quarter 2020 earnings on July 29, after the NYSE closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can join via phone at 877-303-6235 (U.S.) or 631-291-4837 (International). A replay will be available until August 6. Westwood specializes in investment management and offers services in U.S. Value Equity, Multi-Asset, and Emerging Markets Equity. The firm is notable for its employee ownership and trades under the symbol WHG.
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