Westwood Holdings Group, Inc. (WHG) Reports Q2 Economic EPS of $1.28
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Westwood Holdings Group, Inc. Reports Second Quarter 2016 Results
July 27, 2016 4:16 PM EDTDALLAS, July 27, 2016 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported second quarter 2016 revenues of $31.0 million compared to revenues of $37.3 million in the second quarter of 2015. Asset- based advisory fees decreased $4.8 million due to lower average assets under management primarily related to net outflows and depreciation since the second quarter of 2015. We earned performance-based fees of $0.4 million in the second quarter 2016 compared to $1.9 million in the second quarter of 2015. Assets under management ("AUM") totaled $21.0 billion at June 30, 2016, excluding assets under advisement ("AUA") totaling $322 million.
Second quarter net income totaled $5.7... More
