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Stock impact report

Westwood Holdings Group, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]

Westwood Holdings Group Inc (WHG) 
Company Research Source: Yahoo! Finance
DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2024 earnings. Significant items included: SMidCap, SmallCap Value, MidCap Value, Platinum, Enhanced Balanced, High Income, Credit Opportunities and Global Real Estate strategies all beat their primary benchmarks. SmidCap and Enhanced Balanced posted top quartile rankings. The prospectus for our first actively-managed Exchange-Traded Funds ("ETFs") went effective in March and both ETFs were launched early in the second quarter. Quarterly revenues totaled $22.7 million versus the fourth quarter's $23.2 million and $22.7 million a year ago. Comprehensive income of $2.3 million compared with the fourth quarter's $2.6 million and $0.7 million in 2023's first quarter. Our comprehensive income included a $2.3 million after tax gain following a decrease in the fair value of contingent consideration for our 2022 Salient acquisition. Non-GAAP Economic Earnings of $3.0 mi Show less Read more
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