Westwood Hldgs - WHG STOCK NEWS

Westwood Holdings Group (WHG) reported strong Q4 2021 results with revenues of $19.4 million, up 13% year-over-year and 13% from Q3 2021. Net income reached $2.8 million, consistent with the previous year and driven by higher average assets under management (AUM), which increased to $14.5 billion. The company returned to profitability with a net income of $9.8 million for the year compared to a loss of $8.9 million in 2020. Westwood declared a cash dividend of $0.15 per share and achieved competitive rankings across several investment strategies, bolstering investor confidence.

Westwood Holdings Group (NYSE:WHG) will announce its fourth quarter 2021 earnings on February 9, 2022, after the New York Stock Exchange closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can listen by calling 877-303-6235 for U.S. and Canada or 631-291-4837 for international participants. Replay options will be available until February 16th, with further access via Westwood's website under Investor Relations.

Westwood Holdings Group, Inc. (NYSE:WHG) will announce its fourth quarter 2021 earnings on February 9, 2021, after the NYSE closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can listen via phone at 877-303-6235 (U.S.) or 631-291-4837 (International). The call will be replayable until February 16. Westwood specializes in investment management for institutional and private wealth clients, focusing on U.S. Value Equity and Multi-Asset strategies.

Westwood Holdings Group (NYSE: WHG) reported a strong performance for Q3 2021, with revenues of $17.9 million compared to $17.5 million in Q2 and $15.5 million a year ago. Net income increased to $1.9 million, a significant turnaround from a $10.3 million loss last year. Average assets under management (AUM) were $13.8 billion, down from $14.4 billion due to net outflows and market depreciation. A quarterly dividend of $0.15 per share was declared, reflecting the company's commitment to shareholder value.

Westwood Holdings Group (NYSE:WHG) will announce its third quarter 2021 earnings on October 27, 2021, after the market closes. A live audio webcast and conference call will follow at 4:30 PM ET. Interested listeners can dial 877-303-6235 (U.S. & Canada) or 631-291-4837 (International) to join the call. A replay will be available until November 3. The conference call can also be accessed via webcast at westwoodgroup.com.

Westwood Holdings Group, Inc. (NYSE: WHG) reported strong second-quarter 2021 results, marking its best sales quarter since 2016. Revenues reached $17.5 million, down from $18.3 million in Q1, but up from $15.9 million year-over-year. The company declared a regular dividend of $0.10 and a special dividend of $2.50 per share. Net income was $1.0 million, a significant improvement from a $2.6 million loss in Q2 2020. Assets under management totaled $14.4 billion, with strong net inflows of $1 billion. Cash and short-term investments stand at $92.3 million, with no debt.

Westwood Holdings Group (NYSE:WHG) is set to release its second quarter earnings on July 27, 2021, after the NYSE closes. A live audio webcast and conference call will be hosted at 4:30 PM ET. Callers can join by dialing 877-303-6235 (U.S.) or 631-291-4837 (International). The call will be available for replay until November 6. Westwood specializes in investment management and wealth management, offering equity and multi-asset solutions for institutional and private clients. More details can be found on their website.

Westwood Holdings Group (NYSE: WHG) announced it received two unsolicited acquisition proposals from Americana Partners, LLC, with the latest offering $25.00 per share in cash. The Board of Directors unanimously deemed this offer significantly undervalued compared to the company's strategic standalone plan, citing a lack of evidence from Americana regarding its capability to finance the bid. CEO Brian O. Casey expressed confidence in Westwood's growth trajectory due to successful cost reduction and strategic investments.

Westwood Holdings Group (NYSE: WHG) has implemented a limited-duration Shareholder Rights Agreement to enhance shareholder value. The agreement became effective on May 2, 2021, and aims to prevent hostile takeovers by establishing rights for shareholders. Each shareholder will receive one right per share, which becomes exercisable if an acquiring person obtains 10% or more of the company's stock without Board approval. Rights can be exercised at a 50% discount on stock purchases. The agreement will maintain investor protection while allowing the Board to consider fair offers.