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. reports news tied to its role as a publicly traded investment management boutique and wealth management firm serving institutional, intermediary and private wealth clients. Updates commonly cover assets under management and advisement, quarterly results, cash dividends, institutional sales, and the performance of advisory and trust activities.
Company news also follows Westwood’s ETF platform, including monthly income distributions for the Westwood Salient Enhanced Midstream Income ETF, Westwood Salient Enhanced Energy Income ETF and Westwood Enhanced Income Opportunity. Recurring ETF themes include actively managed income strategies, covered-call options premiums, energy and midstream exposure, capital-markets support for trading quality, and changes to fund offerings.
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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