DALLAS, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group (NYSE: WHG), a leading boutique asset manager, today announced the launch of the Westwood Enhanced Income Opportunity ETF (NYSE: YLDW), the newest addition to the Westwood Enhanced Income Series™ ETFs, part of Westwood’s growing ETF platform, which recently surpassed $200M in AUM. YLDW expands Westwood’s income-generating ETFs by bringing its proven multi-asset income specialization to the ETF marketplace, enhanced through a covered-call opti ...

NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. was recognized in the 2025 Best Places to Work in Money Management awards announced by Pensions & Investments today. Presented by Pensions & Investments, the global news source of money management and institutional investing, the 14th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry. Westwood Holdings Group is known for fostering a culture of growth a ...

ATLANTA, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s Westwood One today announced the launch of a groundbreaking new morning show hosted by Drake C. Toll, one of the most dynamic voices in sports media. Toll’s new show will air in the highly-desired morning daypart, Monday – Friday from 6:00 – 9:00 AM. As a play-by-play broadcaster with the fast-growing sports organization, Savannah Bananas, Toll knows how to captivate an audience and make every moment unforgettable. With his new radio show, listeners ...

Group 1 - The quarterly results indicated a significant increase in net income both quarter-over-quarter (QoQ) and year-over-year (YoY), primarily driven by a private-valuation update that is non-recurring, unrealized, and non-cash [1] Group 2 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [2] - The articles emphasize understanding the long-term earnings potential of companies and the competitive dynamics within their industries [2] - The majority of recommendations are expected to be holds, reflecting a cautious approach in a bullish market [2]

Group 1 - The quarterly results indicated a significant increase in net income both quarter-over-quarter (QoQ) and year-over-year (YoY), primarily driven by a private-valuation update that is non-recurring, unrealized, and non-cash [1] Group 2 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [2] - The articles emphasize understanding the long-term earnings potential of companies and the competitive dynamics within their industries [2] - The majority of recommendations are expected to be holds, reflecting a cautious approach in a bullish market [2]

Core Viewpoint - Abu Dhabi state oil firm ADNOC is anticipated to receive EU approval for its €14.7 billion ($17 billion) acquisition of German chemicals company Covestro in the near future [1] Group 1: Acquisition Details - ADNOC's bid for Covestro amounts to €14.7 billion, which is equivalent to $17 billion [1] - The acquisition is expected to be finalized in the coming weeks, pending EU regulatory approval [1] Group 2: Market Implications - The approval of this acquisition could signify ADNOC's strategic expansion into the chemicals sector, enhancing its portfolio and market presence [1] - Covestro, as a leading chemicals company, may provide ADNOC with valuable assets and technologies, potentially leading to increased revenue streams [1]

Group 1 - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1]

Financial Data and Key Metrics Changes - Total revenues for Q3 2025 were $24.3 million, an increase from $23.1 million in Q2 2025 and $23.7 million in Q3 2024, driven by higher average assets under management [14] - Net income for Q3 2025 was $3.7 million, or $0.41 per share, compared to $1 million, or $0.12 per share in Q2 2025, and $0.1 million in Q3 2024 [15] - Economic earnings for Q3 2025 were $5.7 million, or $0.64 per share, compared to $2.8 million, or $0.32 per share in Q2 2025, and $1.1 million, or $0.13 per share in Q3 2024 [15] Business Line Data and Key Metrics Changes - The enhanced midstream income ETF, MDST, surpassed $150 million in assets under management and maintained an annualized indicated dividend yield exceeding 10% [4][10] - The Income Opportunity Fund, WHGIX, received a Morningstar ratings upgrade to four stars and maintained a top decile ranking since inception [4][6] - The private fundraising initiative exceeded the annual goal by 1.5 times through September 30, 2025 [9] Market Data and Key Metrics Changes - Year-to-date net sales improved by 17% compared to last year and by 57% compared to 2023 [8] - The institutional channel experienced negative net flows this quarter, primarily due to sub-advisory business rebalancing [8] - The intermediary channel had success with private fundraising, contributing significantly to overall performance [9] Company Strategy and Development Direction - The company is focusing on expanding its ETF platform and has launched 11 new sector funds to provide investors with more precise control over risk and sector exposure [11] - The strategy emphasizes unlocking opportunities in undervalued segments, particularly small-cap stocks and broader value styles [7] - The company aims to enhance operational efficiencies and reduce costs while evaluating paths to improve services moving into 2026 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding investment opportunities shifting towards undervalued segments as market dynamics evolve [7] - The company anticipates continued stability with existing clients and expects to win more mandates in mid-cap for defined contribution plans [8] - Management acknowledged the disappointing outflows concentrated in the large-cap area but highlighted a strong pipeline for new business totaling $1.6 billion [22] Other Important Information - The Board of Directors approved a regular cash dividend of $0.15 per common share, payable on January 2, 2026 [17] - The company reported a solid financial position with cash and liquid investments totaling $39.2 million and a debt-free balance sheet [16] Q&A Session Summary Question: ETF Success and Future Leverage - The company has worked hard to grow its ETF business through traditional channels and is close to gaining access to one of the largest wirehouse platforms [19][20] Question: Outflows and New Business Pipeline - Management acknowledged the disappointing outflows but emphasized a strong pipeline for new business and successful private fundraising initiatives [22]

Company Overview - Westwood Holdings Group manages \$18.3 billion in AUM, including \$17.3 billion in AUM and \$1.0 billion in AUA as of September 30, 2025[7, 22] - Employees and directors own approximately 33% of the company's equity[6] - The company reported revenues of \$24.3 million and income of \$3.7 million for 3Q 2025[20] Investment Strategy & Allocation - U S Value Equity accounts for 50% of the firm's strategy breakdown[12] - Multi-Asset/Multi-Strategy represents 28% of the strategy breakdown[12] - Wealth strategy accounts for 22% of the strategy breakdown[12] Client & Account Type - Institutional Separate Accounts & Other Managed Accounts comprise 52% of assets[12] - Wealth Management accounts for 25% of assets[12] - Westwood Mutual Funds & ETFs represent 23% of assets[12] Diversity & Inclusion - Approximately 41% of Westwood's employees are women[16] - Women hold 43% of the corporate board member positions[16] - In 2024, about 38% of new team members came from diverse backgrounds[16]

Assets Under Management (AUM) - As of September 30, 2025, the firm-wide assets under management (AUM) totaled approximately $18.3 billion, consisting of $17.3 billion in AUM and $1.0 billion in assets under administration (AUA) [81] - AUM increased by $0.5 billion, or 4%, from $16.8 billion at September 30, 2024, with an average AUM of $17.3 billion for Q3 2025 compared to $16.3 billion for Q3 2024 [97] - Institutional AUM rose by 7% to $9.032 billion from $8.454 billion year-over-year, while Wealth Management AUM decreased by 1% to $4.323 billion, and Mutual Funds AUM increased by 2% to $3.994 billion [98] - For the nine months ended September 30, 2025, AUM increased by $0.7 billion due to market appreciation of $1.0 billion, despite net outflows of $0.3 billion [103] Financial Performance - Total revenues for the three months ended September 30, 2025, increased by 2% to $24.3 million compared to $23.7 million in the same period of 2024 [108] - Net income for the three months ended September 30, 2025, was $3.7 million, a significant increase of 2,245% from $159,000 in the same period of 2024 [108] - Economic Earnings for the three months ended September 30, 2025, were $5.7 million, up 427% from $1.1 million in the same period of 2024 [121] - Economic Earnings per share for the three months ended September 30, 2025, was $0.64, a 392% increase from $0.13 in the same period of 2024 [121] Cash Flow and Liquidity - Cash flow provided by operating activities for the nine months ended September 30, 2025, was $10.9 million, compared to $12.2 million in the same period of 2024 [124] - The company had no debt as of September 30, 2025, maintaining a strong liquidity position with cash and liquid investments of $39.2 million [122] - Future liquidity and capital requirements will depend on various factors, including operational results and capital expenditures, with current cash and short-term investments expected to meet operational needs for at least the next twelve months [129] Expenses and Costs - Employee compensation and benefits expenses decreased by 2% to $13.3 million for the three months ended September 30, 2025, compared to $13.6 million in the same period of 2024 [108] - Westwood fund expenses increased by 38% to $1.1 million for the three months ended September 30, 2025, primarily due to higher administration and distribution expenses related to ETFs [110] Tax and Regulatory Compliance - The effective income tax rate for the three months ended September 30, 2025, approximated the 21% statutory rate [112] - Westwood Trust is required to maintain a minimum restricted capital of $4.0 million as per the Texas Finance Code [127] - As of September 30, 2025, Westwood Trust had approximately $13.6 million in excess of its minimum capital requirement [128] Investment Strategy and Team - The company has established a track record of delivering competitive, risk-adjusted returns for clients, focusing on a "value" investment style [82] - The investment team has an average experience of over 20 years, supporting the firm's investment strategies [82] Market and Accounting Disclosures - There have been no significant changes in critical accounting policies and estimates since December 31, 2024 [130] - Recent accounting guidance is detailed in the Condensed Consolidated Financial Statements included in the Quarterly Report on Form 10-Q [131] - No significant changes in market risk disclosures have occurred since the last Annual Report on Form 10-K for the year ended December 31, 2024 [132] Advisory and Trust Fees - Advisory fees are primarily based on a percentage of AUM and AUA, with performance-based fees generating additional revenues if benchmarks are outperformed [84] - Trust fees are negotiated separately and are generally based on a percentage of AUM, with revenue fully recognized within the quarter [85] Assets Under Advisement - Assets Under Advisement at the end of September 30, 2025, were $966 million, showing a net change of $27 million from the previous quarter [105] Net Outflows and Market Appreciation - For the three months ended September 30, 2025, net outflows were $0.671 billion, primarily related to the LargeCap Value strategy, offset by market appreciation of $0.679 billion [102]