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) 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.
Westwood Holdings Group (NYSE: WHG) reported its third-quarter 2022 earnings, highlighting peer rankings supported by strong performances across multiple investment strategies. Despite a decline in revenues to $15.4 million due to lower Assets Under Management (AUM) of $11.5 billion, the company continues to make progress on its acquisition of Salient Partners, with a proxy solicitation underway. A net loss of $1.2 million was recorded, alongside a cash dividend of $0.15 per share. Challenges in global markets have impacted performance, but most strategies outperformed their benchmarks.
Westwood Holdings Group (NYSE:WHG) will release its third quarter 2022 earnings report on October 26, 2022, after the market closes. A live audio webcast and conference call will follow at 4:30 PM Eastern Time.
Participants can register for the conference call to receive a personalized dial-in number. Westwood specializes in U.S. Value Equity and Multi-Asset investment capabilities, catering to institutional and private wealth clients. The firm is headquartered in Dallas with an additional office in Houston.
Westwood Holdings Group (NYSE: WHG) reported its second quarter 2022 earnings on July 27, revealing a strategic acquisition of Salient Partners' asset management business, pending revenue targets. Revenues decreased to $15.6 million from $17.2 million in Q1 and $17.5 million in Q2 2021, attributed to global market downturns. The company reported a net loss of $0.4 million versus net income of $1.0 million a year prior. As of June 30, 2022, cash and short-term investments stood at $73.6 million, with stockholders' equity at $115.7 million and no debt. A $0.15 dividend is scheduled for October 1, 2022.
Westwood Holdings Group (NYSE:WHG) will announce its second quarter 2022 earnings after the market closes on July 27, 2022. A live audio webcast and conference call will follow at 4:30 PM ET. Participants can register for the call here. For more details, visit westwoodgroup.com.
Westwood Holdings Group (NYSE: WHG) has announced a definitive agreement to acquire Salient Partners, enhancing its asset management capabilities. The acquisition, valued at $35 million upfront with up to $25 million in deferred payments, will boost Westwood's total assets under management (AUM) by 32% to $18.4 billion. Salient, known for its focus on energy infrastructure and alternative investments, brings $4.5 billion in AUM. The combined entity aims to leverage their strengths to offer a wider range of investment strategies and achieve significant financial returns for shareholders.
Westwood Holdings Group (WHG) reported Q1 2022 revenues of $17.2 million, down from $19.4 million in Q4 2021 and $18.3 million in Q1 2021, attributed to reduced performance fees. Net income declined to $0.1 million, significantly lower than $2.8 million in the previous quarter and $4.1 million last year. Non-GAAP Economic Earnings were $1.9 million, down from $4.7 million. Assets under management decreased to $13.9 billion. Despite challenges, the company's Multi-Asset strategies outperformed benchmarks.
Westwood Holdings Group will announce its first quarter 2022 earnings on April 27, 2022, after the New York Stock Exchange closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can join the call by dialing 877-303-6235 (U.S. and Canada) or 631-291-4837 (International). The call will be accessible until May 4, 2022, for replay. Westwood specializes in investment management and offers U.S. Value Equity and Multi-Asset solutions for institutional and private clients. The company trades on the NYSE under the symbol WHG.