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Stock impact report

Westwood Holdings Group, Inc. Reports First Quarter 2020 Results

Westwood Holdings Group Inc (WHG) 
Company Research Source: GlobeNewswire
Strong Relative Performance for our US Value Equity ProductsFunctioning Smoothly Amid COVID-19 Pandemic DALLAS, April 29, 2020 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2020 earnings. Highlights from the quarter include: Our LargeCap Value, SMidCap, SmallCap Value, AllCap Value and LargeCap Select strategies, and our Total Return strategy fund all beat their primary benchmarks for the quarter.Our LargeCap Value, SMidCap and AllCap Value strategies achieved top quartile institutional rankings, while our Total Return strategy fund achieved a top decile institutional ranking.Our significant investment in cloud-based systems and business continuity planning enabled our teams to continue to serve our clients well while working remotely amid the COVID-19 pandemic.Revenues of $16.7 million compared with $18.6 million in the fourth quarter of 2019 and $23.9 million a year ago.Net income of $1.1 million compared with $2.5 million in the Show less Read more
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