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.
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Westwood Holdings Group, Inc. (NYSE: WHG) reported its first quarter 2023 earnings, reflecting a successful integration of Salient Partners. Key highlights include an acquisition of a further 32% stake in Broadmark Asset Management, raising total equity ownership to nearly 80%. Revenues reached $22.7 million, an increase from $20.5 million in Q4 2022 and $17.2 million in Q1 2022. The net income improved to $0.7 million compared to a net loss of $3.1 million in Q4 2022. Non-GAAP Economic Earnings were reported at $3.6 million, up from a loss of $0.7 million in the previous quarter. The firm has no debt and declared a cash dividend of $0.15 per share. Total assets under management rose to $16.2 billion, showcasing strong performance across its US Value Strategies.
Westwood Holdings Group (NYSE:WHG) will announce its Q1 2023 earnings on April 26, 2023, after the market closes. A live audio webcast and conference call will be held on the same day at 4:30 PM ET (3:30 PM CT). Interested participants can register for the call to receive a personalized dial-in number.
Westwood is an investment management and wealth management firm offering high-conviction equity and multi-asset solutions to institutional and private clients. They focus on U.S. Value Equity and other investment strategies.
For more details, visit westwoodgroup.com.
Westwood Holdings Group (NYSE: WHG) announced the completion of its acquisition of Salient Partners' asset management business on November 18, 2022. This acquisition is projected to enhance earnings per share (EPS) by 100% in 2023. The integration brings new investment strategies and professionals, boosting Westwood's distribution capabilities. For Q4 2022, revenues reached $20.5 million, up from $15.4 million in Q3, but the company reported a net loss of $3.1 million due to acquisition-related expenses. Cash and short-term investments totaled $39.2 million, while stockholders' equity was $110.6 million with no debt. A cash dividend of $0.15 per share was announced for April 2023.
Westwood Holdings Group, Inc. (NYSE:WHG) is set to announce its fourth quarter and fiscal year 2022 earnings on February 15, 2023, after the NYSE market close. A live audio webcast and conference call will occur at 4:30 PM ET. Investors can register for the conference call through a provided link for dial-in details. Westwood is recognized for its focused investment management services, providing solutions through various distinct strategies to institutional and private wealth clients. The firm emphasizes employee ownership and operates out of Dallas, with additional offices in Houston and San Francisco.
Westwood Holdings Group, Inc. (NYSE: WHG) has acquired the asset management business of Salient Partners for $35 million cash, enhancing Westwood's AUM by 33% to $16.3 billion. The acquisition includes a minority stake in Broadmark Asset Management, expanding Westwood's capabilities in Multi-Asset, Real Assets, and Alternatives. The deal is expected to lead to a 100% increase in economic EPS in 2023. The integration promises to enhance investment strategies, while Westwood maintains a debt-free balance sheet.