Westwood Holdings Group, Inc. (WHG) Reports Q2 Economic EPS of $1.28

Westwood Holdings Group, Inc. (NYSE: WHG) reported Q2 Economic EPS of $1.28, versus $1.80 reported last year. Revenue for the quarter came in at $31 million, versus $37.3 million reported last year.

Brian Casey, Westwood’s President & CEO, commented, “The current investing and business environment is one of the most unusual we have seen in a long time. Flows to low- and in some cases even negative-yielding fixed income securities are strong while equities remain out of favor despite the S&P 500 recently reaching an all-time high. So far this year, strong performance has been delivered by several of our strategies, primarily in the Emerging Markets and Multi-Asset segments, which positions us well in areas of rising long-term secular investor demand. We experienced negative flows for the quarter, primarily driven by continued reductions in U.S. equity allocations by investors. On a positive note, unfunded mandates reached their highest level in over a year, with wins coming across a number of our strategies. We expect these mandates to be funded over the remainder of this year.”

For earnings history and earnings-related data on Westwood Holdings Group, Inc. (WHG) click here.

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