Westwood Hldgs Stock Price, News & Analysis

Westwood Holdings Group (WHG) has announced monthly income distributions for two of its Exchange-Traded Funds (ETFs): Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs are designed to provide high monthly income through a combination of dividend yield and options premiums from covered calls.

Key points:

• MDST's distribution per share: $0.225, with a 10.5% annualized distribution rate
• WEEI's distribution per share: $0.225, with an 11.5% annualized distribution rate
• MDST has surpassed $50 million in assets under management (AUM)
• MDST focuses on midstream energy companies, while WEEI offers broad exposure to energy companies
• Both ETFs are actively managed and aim to provide income and potential capital appreciation

Westwood Holdings Group (NYSE: WHG) has appointed Chris Doran as Head of ETF Distribution and National Accounts, reporting to Dave Linton, Managing Director and Head of Distribution. This move underscores Westwood's commitment to expanding its ETF platform and product suite. Doran brings 25 years of experience in ETF sales within the financial intermediary channel.

Westwood launched its first ETF, the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST), in April 2024, followed by the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI) in May 2024. The company aims to provide innovative investment tools across various strategies, including U.S. Value, Multi-Asset, Real Assets, Alternatives, and Managed Investment Solutions.

CEO Brian O. Casey expressed confidence in Doran's ability to grow Westwood's ETF business and expand the reach of existing mutual funds and separately managed accounts, citing his track record in building high-performing sales teams and developing strategic partnerships.

Westwood Holdings Group (WHG) has announced monthly income distributions for two of its Exchange-Traded Funds (ETFs): Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs are designed to provide high distributable monthly income by combining dividend yield and options premiums from covered calls.

Key points:

• MDST offers a distribution of $0.225 per share with an annualized distribution rate of 10.6%
• WEEI offers a distribution of $0.225 per share with an annualized distribution rate of 11.3%
• MDST, launched on April 9, 2024, focuses on midstream energy companies and has $43 million in net assets
• WEEI, launched on May 1, 2024, provides broad exposure to energy companies and has $13 million in net assets

Westwood Holdings Group, Inc. (NYSE: WHG) reported its Q2 2024 results, highlighting several key developments. The company successfully launched two ETFs: the Westwood Salient Enhanced Midstream Income Fund (NYSE: MDST) and the Westwood Salient Enhanced Energy Income Fund (NASDAQ: WEEI), with net assets of $43 million and $13 million respectively. Quarterly revenues remained flat at $22.7 million compared to Q1, but increased from $21.9 million a year ago. However, the company reported a comprehensive loss of $2.2 million, primarily due to a $3.8 million after-tax charge related to contingent consideration for the 2022 Salient acquisition. Westwood's cash and short-term investments stood at $44.1 million, with no debt. The company declared a cash dividend of $0.15 per common share.

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.

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.

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.

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.

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.