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0.00853242320819113 0.00853242320819113 0.00853242320819113 0.00853242320819113 0.00853242320819113 0.00853242320819113 -0.00278498293515352 -0.00870307167235491
Stock impact report

Westwood Holdings Group, Inc. Reports First Quarter 2018 Results

Westwood Holdings Group Inc (WHG) 
Company Research Source: GlobeNewswire
DALLAS, April 25, 2018 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) today reported first quarter 2018 earnings. Highlights from the quarter include: Revenues of $33.6 million increased $1.0 million from the first quarter of 2017. Current quarter revenues include $1.3 million of performance-based fees compared to $0.4 million in the prior year quarter.All of our U.S. value and multi-asset strategies outperformed their primary benchmarks for the quarter.Top quartile performance was achieved by our SmallCap Value, SMidCap Plus, SMidCap Value and LargeCap Value teams.We closed on the sale of our Omaha-based Private Wealth operations, received net proceeds of $10.0 million and recognized a $0.5 million gain on sale.At quarter-end, Westwood had $100.5 million in cash and investments, stockholders’ equity of $156.0 million, and no debt. First quarter 2018 revenues of $33.6 million compared to $32.6 million in the first quarter of 2017 and $33.9 million in the fourth q Show less Read more
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