Westwood Holdings Q2 Revenue Rises on ETF and Private Capital Growth
WHG sits 33% above its 52-week low of $14.7.
Summary
Westwood Holdings reported Q2 revenue of $25.3 million, up year-over-year, driven by expansion in ETFs and private energy secondaries funds. Net income rose to $1.5 million, or $0.17 per share, helped by lower compensation expenses. Firmwide assets under management reached $17.9 billion. Several investment strategies outperformed benchmarks, supporting the top line. The results show momentum in higher-fee alternative products, though the company did not provide forward guidance.
At the time of this announcement, WHG was trading at $19.48 on NYSE in the Finance sector, with a market capitalization of approximately $184.8M. The 52-week trading range was $14.70 to $20.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.