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Stock impact report

Westwood Holdings Group, Inc. Reports Second Quarter 2019 Results

Westwood Holdings Group Inc (WHG) 
Company Research Source: GlobeNewswire
DALLAS, July 31, 2019 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported second quarter 2019 earnings. Highlights from the quarter include: Revenues of $21.7 million compared with $23.9 million in the first quarter and $32.8 million in last year's second quarter.Net income of $1.9 million compared with $0.4 million in the first quarter and $8.0 million in last year's second quarter. Non-GAAP Economic Earnings of $4.8 million compared with $4.1 million in the first quarter of 2019 and $12.2 million in the second quarter of 2018.All of our U.S. Value teams, our Market Neutral Income, Strategic Global Convertibles and Emerging Markets teams outperformed their primary benchmarks.Top decile performance was achieved by our SmallCap Value and Flexible Income teams, and our other U.S. Value teams, Income Opportunity, Market Neutral Income and Emerging Markets teams posted top quartile performance.Our Intermediary Sales Team added four experienced Tier 1 external w Show less Read more
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