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, 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.
Westwood Holdings Group, Inc. (NYSE: WHG) has appointed Randy Bowman as a new director, effective immediately. He succeeds Raymond E. Wooldridge, who has chosen not to run for re-election at the 2022 annual meeting after serving since 2001. Randy Bowman brings extensive experience as an entrepreneur and community leader, notably founding a successful logistics company and launching initiatives to aid underprivileged youth. The appointment aims to enhance the diversity of perspectives on the board, reflecting Westwood's ongoing commitment to its values-based culture.
Westwood Holdings Group (WHG) reported strong performance for Q1 2021, with revenues of $18.3 million, up from $17.1 million in the previous quarter and $16.7 million year-over-year. Net income reached $4.1 million compared to $2.8 million last quarter and $1.1 million a year ago. Positive net flows exceeded $500 million, and AUM increased to $14.5 billion from $13.0 billion. The company declared a dividend of $0.10 per share and repurchased 92,491 shares for $1.4 million. Westwood remains committed to reducing expenses and expects further growth from new client mandates.
Westwood Holdings Group (NYSE:WHG) will announce its first quarter 2021 earnings after the market closes on April 28, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. Interested participants can listen via telephone or online at westwoodgroup.com/investor-relations/events-webcasts.
The conference call can be accessed by calling 877-303-6235 (U.S.) or 631-291-4837 (International). Replay is available until May 5, 2021.
Westwood Holdings Group (NYSE: WHG) reported fourth quarter earnings with revenues of $17.1 million, an increase from $15.5 million in Q3. The company reinstated a cash dividend of $0.10 per share, payable April 1, 2021. Net income was $2.8 million, a significant recovery from a $10.3 million loss in Q3. Assets under management rose to $13.0 billion from $12.0 billion due to market appreciation. Though 2020 ended with a net loss of $8.9 million, the company sees positive growth potential moving forward.
Westwood Holdings Group, Inc. (NYSE:WHG) announced that it will release its fourth quarter 2020 earnings after the close of the NYSE on February 10, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. The call can be accessed via phone or through Westwood's website. Westwood specializes in investment management, offering equity and multi-asset solutions to various clients. The firm is notable for its broad-based employee ownership and operates primarily out of Dallas with a secondary office in Houston.
Westwood Holdings Group announced changes to its Multi-Asset team, aimed at enhancing its investment strategies. Adrian Helfert has led the team since January 2019, now joined by Scott Barnard and other specialists to manage various funds, including the Income Opportunity Fund and High Income Fund. The firm will no longer offer standalone convertible securities strategies, with three team members transitioning back to Aviva Investors. Westwood, based in Dallas, emphasizes employee ownership and manages investments focusing on U.S. Value Equity and Multi-Asset strategies.