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. reports news tied to its role as a publicly traded investment management boutique and wealth management firm serving institutional, intermediary and private wealth clients. Updates commonly cover assets under management and advisement, quarterly results, cash dividends, institutional sales, and the performance of advisory and trust activities.
Company news also follows Westwood’s ETF platform, including monthly income distributions for the Westwood Salient Enhanced Midstream Income ETF, Westwood Salient Enhanced Energy Income ETF and Westwood Enhanced Income Opportunity. Recurring ETF themes include actively managed income strategies, covered-call options premiums, energy and midstream exposure, capital-markets support for trading quality, and changes to fund offerings.
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.
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.