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Stock impact report

Westwood Holdings Group, Inc. Reports First Quarter 2019 Results

Westwood Holdings Group Inc (WHG) 
Company Research Source: GlobeNewswire
DALLAS, April 24, 2019 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2019 earnings. Highlights from the quarter include: Revenues of $23.9 million compared with $26.1 million in the fourth quarter and $33.6 million in last year's first quarter. Net income of $0.4 million compared with $5.4 million in the fourth quarter and $8.0 million in last year's first quarter. Non-GAAP Economic Earnings of $4.1 million compared with $9.5 million in the fourth quarter and $12.6 million in the first quarter of 2018. SmallCap Value, SMidCap, Emerging Markets, Market Neutral Income, Emerging Markets SMid, SMidCap Plus and Flexible Income all outperformed their primary benchmarks. Top decile performance was achieved by our Market Neutral Income and Flexible Income teams and our SmallCap Value team posted top quartile performance. We welcomed Adrian Helfert as Senior Vice President and Director of Multi-Asset Portfolios to lead our Multi-Asset and Inc Show less Read more
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