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) 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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