DALLAS, July 23, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) will release its second quarter 2025 earnings after the close of the New York Stock Exchange on Friday, August 8, 2025. Following the release, the Company will host a live audio webcast and conference call at 4:30 pm Eastern Time (3:30 pm Central Time). To join the conference call, please register here: https://register-conf.media-server.com/register/BI2402c4ea40024a52ba458853a1c8a596. After registering, you will be provided ...

Core Viewpoint - WEBs Investments Inc. has launched the WEBs Defined Volatility Sector ETFs, a suite of 11 funds that apply a Defined Volatility strategy to individual sectors of the S&P 500, allowing investors to manage risk while pursuing market upside [1][2]. Group 1: Product Details - The new ETFs track Defined Volatility indices created by Syntax, providing exposure to underlying Select Sector SPDR ETFs [2]. - Each fund evaluates short-term realized volatility daily based on the previous 21 trading days, adjusting exposure to the underlying ETF or reallocating to cash equivalents or U.S. Treasuries based on volatility levels [2]. - The Defined Volatility rates for the ETFs range from 20% to 30%, depending on the sector [3]. Group 2: Strategic Benefits - The Defined Volatility Sector ETFs offer investors precise control over risk and sector exposure, enabling tactical sector rotation and fine-tuning within broader portfolios [2][3]. - The approach aims to provide a more stable investment experience and better risk-adjusted returns for sector-focused allocations [2]. Group 3: Company Background - WEBs Investments Inc. was founded in 2024 by industry veterans and is dedicated to developing innovative investment strategies [5]. - Westwood Holdings Group, Inc. provides operational and distribution support for the new ETFs, leveraging over 40 years of experience in asset management [6][4].

Group 1 - Westwood Holdings Group (NYSE: WHG) has experienced positive performance in 2023, particularly in fund inflows, aligning with favorable trends in value and small-cap factors, to which the company is over-indexed [1] - The positive trend in fund inflows is expected to continue into the second quarter of 2025 [1] Group 2 - Quipus Capital adopts a long-only investment strategy, focusing on operational aspects and the long-term earnings potential of companies rather than market-driven dynamics [2] - The investment philosophy emphasizes holding companies independently of future price movements, with most recommendations being holds [2] - The approach aims to provide valuable information for future investors while maintaining a healthy skepticism towards a bullish market [2]

Core Insights - Westwood Holdings Group's Westwood Salient Enhanced Midstream Income ETF (MDST) has surpassed $100 million in assets under management, indicating strong investor engagement and confidence in the fund's strategy [1][4][5] - The fund has achieved an annualized distribution rate of 10.2%, distributed monthly, reflecting its objective of providing a steady income stream [2][7] - MDST employs a covered-call strategy to enhance income through options premiums, targeting the midstream energy sector, which is characterized by stability and strong cash flows [3][4] Company Overview - Westwood Holdings Group is a boutique asset management firm that offers a range of actively-managed investment strategies and wealth services to various client segments [10] - The firm emphasizes a client-first approach, aiming to build long-term relationships through tailored investment strategies and exceptional service [10][11] Fund Performance - As of March 31, 2025, MDST reported a net asset value (NAV) return of 22.95% since inception, with a market price return of 23.19% [5] - The fund has an expense ratio of 0.80%, indicating a relatively low cost structure for investors [5] Investment Strategy - MDST focuses on providing targeted exposure to midstream energy infrastructure, allowing investors to benefit from cash flow strength while managing risk through its investment approach [3][4] - The fund's structure is designed to be tax-efficient, avoiding the need for investors to file a K-1, which is typically required for investments in master limited partnerships (MLPs) [4][19]

Core Insights - Westwood Holdings Group has appointed Jan Ryan to its Board of Directors, enhancing its focus on innovation and long-term value creation for investors [1][2] - Jan Ryan brings over 30 years of leadership experience in technology, venture capital, and operational alignment, which will be crucial for the firm's growth strategy [2][3] - The firm emphasizes a client-first approach and aims to adapt to changing markets while delivering bespoke investment strategies [8][9] Company Overview - Westwood Holdings Group is a boutique asset management firm that offers a range of actively managed investment strategies and wealth services to various client segments [8] - The firm has a history of over 40 years, focusing on building strong, long-term client relationships through exceptional service and tailored investment solutions [8] - Westwood's culture is rooted in diversity and collaboration, reflecting its origins as a woman-founded firm [9] Jan Ryan's Background - Jan Ryan is a seasoned entrepreneur and growth strategist with a track record of leading technology-driven companies and achieving successful acquisitions and an IPO [3][4] - She has held various executive roles and currently leads 3Hills Group, an advisory firm focused on growth strategy [3][4] - Ryan has also contributed to academia and civic initiatives, including her role at the University of Texas at Austin and her involvement in women's entrepreneurial leadership [5][6]

DALLAS, May 09, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group (NYSE: WHG) (“Westwood”), a publicly traded investment management boutique, trust and wealth services firm, is pleased to announce that Randy A. Bowman has been elected as the new Chairman of its Board of Directors. Randy succeeds Dick Frank who served as a Westwood board member for 19 years, was Westwood’s Board Chair for the last 10 years of his service and will be stepping down as a member following his many years of dedicated service to We ...

Westwood Holdings Group (WHG) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Company Participants Jill Meyer - Senior VP & Director of Fiduciary ServicesBrian Casey - President & Chief Executive OfficerTerry Forbes - SVP, CFO and Treasurer Conference Call Participants Macrae Sykes - Portfolio Manager & Research Analyst Operator Good day, and thank you for standing by. Welcome to the Westwood Holdings Group First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only ...

Investor Relations Presentation Westwood Holdings Group westwoodgroup.com 1 INTEGRITY | RELIABILITY | RESULTS Westwood Overview 2 I N T E G R I T Y | R E L I A B I L I T Y | R E S U L T S Westwood | Investing for the Future Firm Overview Westwood Holdings Group is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies along with white-glove trust and wealth services to institutional, intermediary and private wealth clients. Based in Texas, ...

Westwood Holdings Group (WHG) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the Westwood Holdings Group First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withd ...

PART I FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Westwood Holdings Group reported slightly increased Q1 2025 revenues but a significant drop in net income due to a prior-year non-recurring gain, with total assets decreasing and operating cash flow reversing to an outflow [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets were $135.0 million, a decrease from $150.0 million at December 31, 2024, primarily due to reductions in cash and investments, while total liabilities significantly decreased due to contingent consideration settlement and lower compensation payable Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $9,418 | $18,847 | | Investments, at fair value | $19,696 | $27,694 | | Total assets | $134,988 | $149,989 | | **Liabilities** | | | | Compensation and benefits payable | $2,416 | $10,924 | | Contingent consideration | $— | $4,657 | | Total liabilities | $13,602 | $27,657 | | **Equity** | | | | Total equity | $121,386 | $122,332 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2025, total revenues increased slightly to $23.3 million, but a net operating loss of $68,000 was recorded, primarily due to the absence of a $2.9 million gain from contingent consideration in the prior year, leading to a sharp decline in net income attributable to the company Q1 2025 vs Q1 2024 Statement of Operations (in thousands, except per share data) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Total revenues | $23,252 | $22,732 | | Total expenses | $23,320 | $19,791 | | *Gain from change in fair value of contingent consideration* | *$—* | *$(2,949)* | | Net operating income (loss) | $(68) | $2,941 | | Income attributable to Westwood Holdings Group, Inc. | $478 | $2,296 | | Diluted EPS | $0.05 | $0.27 | [Condensed Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total equity decreased from $122.3 million at the end of 2024 to $121.4 million at March 31, 2025, primarily driven by dividend declarations and taxes paid on restricted stock returns, partially offset by net income and stock-based compensation expense - Dividends of **$0.15 per share** were declared during the first quarter of 2025, totaling approximately **$1.4 million**[13](index=13&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was $4.9 million for Q1 2025, a significant shift from the $8.1 million provided in Q1 2024, mainly due to decreased compensation payable and contingent consideration payments, leading to a $9.4 million fall in cash and cash equivalents Q1 2025 vs Q1 2024 Cash Flow Summary (in thousands) | Cash Flow Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(4,900) | $8,133 | | Net cash used in investing activities | $(1,418) | $(3) | | Net cash used in financing activities | $(3,111) | $(2,664) | | **Net Change in Cash and Cash Equivalents** | **$(9,429)** | **$5,466** | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's business structure, accounting policies, and financial components, highlighting revenue growth in institutional advisory fees, the Advisory segment's profitability, new investment holdings, and a subsequent quarterly dividend declaration - The company operates through two main segments: Advisory and Trust, with the Advisory segment providing investment advisory services and the Trust segment offering trust and custodial services[19](index=19&type=chunk)[37](index=37&type=chunk) Revenue by Account Type (in thousands) | Account Type | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Institutional | $10,254 | $9,471 | | Mutual Funds | $6,832 | $6,911 | | Wealth Management | $645 | $435 | | Trust Fees | $5,429 | $5,113 | - The final payment for the revenue retention earn-out related to the Salient acquisition was made in Q1 2025, reducing the contingent consideration liability to zero[54](index=54&type=chunk) - On April 29, 2025, the Board of Directors declared a quarterly cash dividend of **$0.15 per share**, payable on July 1, 2025[72](index=72&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 2% year-over-year revenue growth to higher average Assets Under Management (AUM), which increased 5% to $17.0 billion, while the significant drop in net income is explained by a non-recurring $2.9 million gain on contingent consideration in Q1 2024, and despite a solid liquidity position, cash and liquid investments decreased to $26.9 million from $44.6 million at year-end Firm-wide Assets Under Management (AUM) (in millions) | Category | As of March 31, 2025 | As of March 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Institutional | $8,985 | $7,742 | 16% | | Wealth Management | $4,107 | $4,219 | (3)% | | Mutual Funds | $3,891 | $4,189 | (7)% | | **Total AUM** | **$16,983** | **$16,150** | **5%** | - The change in AUM for Q1 2025 was driven by net inflows of **$0.6 billion**, primarily in the SmallCap Value strategy, offset by market depreciation of **$0.3 billion**[95](index=95&type=chunk) Reconciliation to Non-GAAP Economic Earnings (in thousands) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Income attributable to Westwood Holdings Group, Inc. | $478 | $2,296 | | Stock-based compensation expense | $1,327 | $1,515 | | Intangible amortization | $1,045 | $1,042 | | Other adjustments & tax impacts | $(336) | $(1,841) | | **Economic Earnings** | **$2,514** | **$3,012** | - Cash and liquid investments decreased from **$44.6 million** at year-end 2024 to **$26.9 million** as of March 31, 2025[108](index=108&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states that there have been no significant changes in its Quantitative and Qualitative Disclosures about Market Risk since its Annual Report on Form 10-K for the year ended December 31, 2024 - There have been no significant changes in market risk disclosures from those reported in the 2024 Form 10-K[117](index=117&type=chunk) [Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of March 31, 2025, with no material changes to internal controls over financial reporting during the quarter - Management concluded that disclosure controls and procedures were effective as of the end of the period covered by the report[118](index=118&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[119](index=119&type=chunk) PART II OTHER INFORMATION [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - None[120](index=120&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - There have been no material changes to the risk factors previously disclosed in the Form 10-K[122](index=122&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase any shares of its common stock during the three months ended March 31, 2025, and the share repurchase program has no expiration date and may be discontinued at any time - During the three months ended March 31, 2025, the Company did not repurchase any shares of our common stock[123](index=123&type=chunk) [Exhibits](index=26&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including CEO and CFO certifications and financial data formatted in iXBRL