Westwood Holdings Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 01, 2024 at 01:47 am IST
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Westwood Holdings Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 22.69 million compared to USD 21.95 million a year ago. Net loss was USD 2.24 million compared to net income of USD 2.9 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.
For the six months, revenue was USD 45.42 million compared to USD 44.67 million a year ago. Net income was USD 0.053 million compared to USD 3.59 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.45 a year ago.
Westwood Holdings Group, Inc. manages investment assets and provides services for clients through its subsidiaries, Westwood Management Corp., Westwood Advisors, L.L.C. and Salient Advisors, L.P. The Companyâs segments include Advisory and Trust. The Advisory segment provides investment advisory services to corporate pension and profit-sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals, sub-advisory. It also provides investment management services to the Westwood Funds. The Companyâs advisory business investment capabilities: United States Value Equity, Multi-Asset, Energy and Real Assets, Tactical Absolute Return, and Income Alternatives. The Trust segment provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high-net worth individuals. It provides investment advisory services to institutional investors; a family of mutual funds called the Westwood Funds.
WESTWOOD HOLDINGS GROUP, INC.