Announcement • Jun 29
Westwood Holdings Group, Inc.(NYSE:WHG) dropped from Russell 2000 Dynamic Index Westwood Holdings Group, Inc.(NYSE:WHG) dropped from Russell 2000 Dynamic Index Upcoming Dividend • May 25
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.1%). Declared Dividend • May 04
First quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 1st June 2026 Payment date: 1st July 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 02
Westwood Holdings Group, Inc. announces Quarterly dividend, payable on July 01, 2026 Westwood Holdings Group, Inc. announced Quarterly dividend of USD 0.1500 per share payable on July 01, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.092 (vs US$0.058 in 1Q 2025) First quarter 2026 results: EPS: US$0.092 (up from US$0.058 in 1Q 2025). Revenue: US$25.0m (up 7.4% from 1Q 2025). Net income: US$782.0k (up 64% from 1Q 2025). Profit margin: 3.1% (up from 2.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Westwood Holdings Group, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Westwood Holdings Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2026 Recent Insider Transactions Derivative • Apr 07
Founder & Director Emerita notifies of intention to sell stock Susan Byrne intends to sell 75k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$16.43, it would amount to US$1.2m. As of today, Susan currently holds no shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$454k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 16
Westwood Holdings Group, Inc., Annual General Meeting, Apr 30, 2026 Westwood Holdings Group, Inc., Annual General Meeting, Apr 30, 2026. Declared Dividend • Feb 19
Fourth quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 3rd March 2026 Payment date: 1st April 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$218k sold). Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: US$0.84 (vs US$0.27 in FY 2024) Full year 2025 results: EPS: US$0.84 (up from US$0.27 in FY 2024). Revenue: US$97.8m (up 3.2% from FY 2024). Net income: US$7.06m (up 219% from FY 2024). Profit margin: 7.2% (up from 2.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Westwood Holdings Group, Inc. Approves Quarterly Cash Dividend, Payable on April 1, 2026 Westwood Holdings Group, Inc. announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per common share, payable on April 1, 2026 to stockholders of record on March 3, 2026. Announcement • Jan 30
Westwood Holdings Group, Inc. to Report Q4, 2025 Results on Feb 13, 2026 Westwood Holdings Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 13, 2026 Recent Insider Transactions • Dec 14
CEO & Director recently sold US$167k worth of stock On the 10th of December, Brian Casey sold around 10k shares on-market at roughly US$16.52 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by US$345k. Announcement • Dec 12
Westwood Holdings Group, Inc. Expands Enhanced Income Series™? ETFs with Launch of Westwood Enhanced Income Opportunity ETF (YLDW ) Westwood Holdings Group announced the launch of the Westwood Enhanced Income Opportunity ETF, the newest addition to the Westwood Enhanced Income Series ETFs, part of Westwood's growing ETF platform, which recently surpassed $200 million 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 options strategy. YLDW is designed for advisors and investors seekingaconsistent and diversified source of current income with the potential for capital appreciation. The fund combines a disciplined multi-asset allocation approach with strategic covered-call overlays to help generate additional income. This structure seeks to offers flexibility across multiple asset classes while maintaining the transparency and liquidity inherent in ETFs. Key benefitsofYLDW include: A diversified multi-asset approach combined with a disciplined options strategy; Potential for meaningful monthly income distributions; Exposure to multiple asset classes for volatility management and diversification; Broader total-return opportunities within a transparent ETF structure. YLDW joins the Westwood Salient Enhanced Midstream Income ETF and Westwood Salient Enhanced Energy Income ETF in the Westwood Enhanced Income Series™? ETFs, reinforcing Westwood's position as an innovative provider of income ETFs across multiple sectors and asset classes. Recent Insider Transactions Derivative • Dec 03
CEO & Director notifies of intention to sell stock Brian Casey intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of December. If the sale is conducted around the recent share price of US$16.36, it would amount to US$214k. For the year to December 2018, Brian's total compensation was 36% salary and 64% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Brian's direct individual holding has increased from 480.21k shares to 505.42k. Company insiders have collectively sold US$238k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.0%). Declared Dividend • Nov 03
Third quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 1st December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$0.44 (vs US$0.013 in 3Q 2024) Third quarter 2025 results: EPS: US$0.44 (up from US$0.013 in 3Q 2024). Revenue: US$24.3m (up 2.4% from 3Q 2024). Net income: US$3.70m (up US$3.59m from 3Q 2024). Profit margin: 15% (up from 0.4% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Westwood Holdings Group, Inc. Declares Cash Dividend, Payable on January 2, 2026 Westwood Holdings Group, Inc. declared a cash dividend of $0.15 per common share, payable on January 2, 2026 to stockholders of record on December 1, 2025. Announcement • Oct 18
Westwood Holdings Group, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Westwood Holdings Group, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Recent Insider Transactions Derivative • Sep 12
Founder & Vice Chairman of the Board notifies of intention to sell stock Susan Byrne intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of September. If the sale is conducted around the recent share price of US$17.29, it would amount to US$432k. Company insiders have collectively bought US$46k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Sep 04
CEO & Director recently sold US$122k worth of stock On the 29th of August, Brian Casey sold around 7k shares on-market at roughly US$18.00 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 31
CEO & Director notifies of intention to sell stock Brian Casey intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of August. If the sale is conducted around the recent share price of US$17.99, it would amount to US$366k. For the year to December 2018, Brian's total compensation was 36% salary and 64% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Brian has owned 480.21k shares directly. Company insiders have collectively bought US$168k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Aug 27
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 01 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (1.9%). Declared Dividend • Aug 13
Second quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 2nd September 2025 Payment date: 1st October 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (135% earnings payout ratio). However, it is well covered by cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 50% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: US$0.12 (vs US$0.27 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.12 (up from US$0.27 loss in 2Q 2024). Revenue: US$23.1m (up 1.9% from 2Q 2024). Net income: US$1.02m (up US$3.26m from 2Q 2024). Profit margin: 4.4% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Westwood Holdings Group, Inc. to Report Q2, 2025 Results on Aug 08, 2025 Westwood Holdings Group, Inc. announced that they will report Q2, 2025 results After-Market on Aug 08, 2025 Recent Insider Transactions • Jun 06
President & COO recently sold US$109k worth of stock On the 5th of June, Fabian Gomez sold around 7k shares on-market at roughly US$15.50 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fabian's only on-market trade for the last 12 months. Announcement • Jun 04
Westwood Holdings Group Appoints Jan Ryan to Its Board of Directors Westwood Holdings Group announced the appointment of Jan Ryan to its Board of Directors. Based in Austin, Texas, Ms. Ryan brings over three decades of leadership experience, spanning technology, venture capital, revenue strategy, and operational alignment. Her appointment further strengthens Westwood’s Board as the firm continues to advance its focus on innovation, client experience and long-term value creation for investors. Jan Ryan is a seasoned entrepreneur, board advisor, and growth strategist with over 30 years of experience in leading and scaling technology-driven companies. She has held executive roles such as founder, CEO, COO, and CRO at multiple venture-backed and private equity-backed firms, resulting in four successful acquisitions and one IPO. Ms. Ryan is currently the founder and managing partner of 3Hills Group, an advisory firm focused on growth strategy and innovation for high-performing CEOs and boards. Previously, she co-founded Social Dynamx, an SaaS-based platform for large-scale social customer care, acquired by Lithium Technologies. Ms. Ryan’s strategic counsel has guided companies through critical phases of market expansion, revenue optimization, and organizational scaling. In addition to her private sector leadership, Ms. Ryan has held prominent academic and civic roles. She served as executive director of entrepreneurship and innovation at the University of Texas at Austin and co-founded the Kendra Scott Women’s Entrepreneurial Leadership Institute. She currently teaches “Women in Entrepreneurship” at UT and serves on various councils and task forces in Austin. Her board and advisory expertise includes growth and distribution strategy, client experience transformation, technology risk oversight, and ESG-aligned leadership. Ms. Ryan resides in Austin and Wimberley, Texas. Upcoming Dividend • May 26
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 01 July 2025. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.1%). Board Change • May 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Randy Bowman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 09
Westwood Holdings Group, Inc. Announces Board Changes Westwood Holdings Group announced that Randy A. Bowman has been elected as the new Chairman of its Board of Directors, succeeding Dick Frank. Dick Frank served as a Westwood board member for 19 years and was the Board Chair for the last 10 years of his service. Randy Bowman, a member of Westwood’s board since 2021, brings extensive experience as an entrepreneur, innovator, leader, and philanthropist. His leadership roles include Chair of the City of Dallas Employee Retirement Fund and the Impact Dallas Capital Mezzanine Fund. Over the past four years, Randy has actively contributed to shaping Westwood’s strategic direction and is well-positioned to build on the leadership legacy established by founder Susan Byrne and Dick Frank. Declared Dividend • May 04
First quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 2nd June 2025 Payment date: 1st July 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 12x earnings). However, it is covered by cash flows (76% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1,277% to bring the payout ratio under control. However, EPS has declined by 43% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$0.058 (vs US$0.28 in 1Q 2024) First quarter 2025 results: EPS: US$0.058 (down from US$0.28 in 1Q 2024). Revenue: US$23.3m (up 2.3% from 1Q 2024). Net income: US$478.0k (down 79% from 1Q 2024). Profit margin: 2.1% (down from 10% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 01
Westwood Holdings Group, Inc. Declares Cash Dividend, Payable July 1, 2025 Westwood Holdings Group, Inc. declared a cash dividend of $0.15 per common share, payable on July 1, 2025 to stockholders of record on June 2, 2025. Announcement • Apr 23
Westwood Holdings Group, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Westwood Holdings Group, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2025 Announcement • Mar 27
Westwood Launches Global Etf Aimed At Limiting Exposure to Authoritarian Regimes by Licensing Tobam Index Westwood Holdings Group (WHG) announced the launch of the Westwood LBRTY Global Equity ETF. The latest Westwood Exchange-Traded-Fund (ETF) offers a distinctive, data-driven approach to global equity investing by seeking to limit exposure to inflammatory regimes while maintaining broad market exposure. BFRE employs TOBAM's LBRTY methodology, an innovative approach that aims to generate performance by systematically reducing exposure to companies that can be subjected to the economically rational, predictable and corrupt behavior of autocratic governments. This strategy aligns with investors who prioritize risk management and recognize the long-term economic benefits of investing in countries with strong institutions, civil safeguards and rule of law. BFRE takes a distinctive approach with the goal of reducing the unrewarded risks from countries with oppressive regimes and arbitrary rule while staying aligned with global market benchmarks. This strategy helps mitigate the impact of geopolitical risks and market volatility tied to countries operating under regimes rule. Synthesizing multi-dimensional datasets from independent sources that measure global democrat, BFRE reduces the direct and indirect exposure to inflammatory countries, such as China and Russia. Unlike traditional exclusion-based strategies, this methodology provides a more comprehensive assessment than the simple removal of a country from the investable universe. The approach operates on two levels: at the country level, it excludes stock listed in nations that lack democratic governance, an independent judiciary and strong civil safeguards; at the stock level, it prioritizes companies listed in democratic countries with minimal reliance onitarian regimes. The ETF is designed to provide broad market coverage by including global developed and emerging markets, offering a wider investment scope than many existing alternatives. This design simplifies investment allocation by reducing the need for multiple funds and strategies while providing a dynamic investment option. Announcement • Mar 13
Westwood Holdings Group, Inc., Annual General Meeting, Apr 30, 2025 Westwood Holdings Group, Inc., Annual General Meeting, Apr 30, 2025. Announcement • Mar 06
Westwood Holdings Group, Inc. Names Hale Hoak and Katherine Murray to Board of Directors Westwood Holdings Group announced the appointments of J. Hale Hoak (Hale), who is based in Dallas and Katherine Murray, who is based in Houston, to its Board of Directors. Hoak and Murray’s extensive expertise in finance, investment management and corporate governance will further strengthen the Board as Westwood continues its commitment to delivering exceptional value to clients and stockholders. The addition of these Texas-based board members should strengthen team’s core values, incorporating diverse perspectives that are rooted in local knowledge and expertise. This aligns with commitment to inclusivity, community engagement and fostering connections that drive mission forward. Hale Hoak has over 25 years of experience as an investor in both private and publicly traded companies. Since 2004, Mr. Hoak has served as President of Hoak & Co., where he oversees all asset allocation and investment decisions. Previously, he was a founding partner of Inwood Capital Partners, L.P., and vice president of Hoak Capital Corporation, where he focused on private equity investments. Mr. Hoak currently serves on the boards of Nova Compression, LLC; Ruan, Inc.; and BTC Financial Corporation. His past board experience includes Ambassadors International, Inc., Broadcast Electronics, Inc. and various philanthropic organizations. He earned a BS in business from Miami University of Ohio. Katherine Murray has over 33 years of experience as a senior finance executive in the energy sector and public accounting. She currently serves on the audit and compensation committees as well as on the board of directors of Core Laboratories, Inc. Since 2018, Ms. Murray has been an independent financial consultant/interim CFO, advising clients on finance strategies, cost optimization and capital raises. She has also held leadership roles at McDermott International, Inc. and El Paso Corporation, gaining extensive experience in financial reporting, tax and strategic planning. Ms. Murray began her career with Arthur Andersen and holds a BBA from the University of St. Thomas. She is a certified public accountant. Her financial expertise and extensive experience in senior finance roles in large global energy companies, as well as her public accounting background, enable her to provide valuable insights in her board positions. Declared Dividend • Feb 16
Third quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 3rd March 2025 Payment date: 1st April 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (178% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 98% to bring the payout ratio under control. However, EPS has declined by 20% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: US$0.27 (vs US$1.20 in FY 2023) Full year 2024 results: EPS: US$0.27 (down from US$1.20 in FY 2023). Revenue: US$94.7m (up 5.5% from FY 2023). Net income: US$2.22m (down 77% from FY 2023). Profit margin: 2.3% (down from 11% in FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • Feb 13
Westwood Holdings Group, Inc. Declares Cash Dividend , Payable April 1, 2025 Westwood Holdings Group, Inc. declared a cash dividend of $0.15 per common share, payable on April 1, 2025 to stockholders of record on March 3, 2025. Announcement • Jan 29
Westwood Holdings Group, Inc. to Report Q4, 2024 Results on Feb 12, 2025 Westwood Holdings Group, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2025 Announcement • Dec 18
WEBs Investments Inc. and Westwood Holdings Group, Inc. Launch Defined Volatility ETF Series with Debut of DVSP and DVQQ WEBs Investments Inc. and Westwood Holdings Group, Inc. announced the launch of the WEBs Defined VolatilitySM ETF series. The WEBs Defined Vol volatilitySMSPY ETF and the WEBs Defined VolatileSM QQQ ETF are designed to provide a more stable investment experience across market conditions, using a dynamic, rules-based strategy to adjust exposure to equity markets based on real-time volatility. Tracking the Syntax Defined VolatilitySM U.S. Large Cap 500 Index and the Syntax Defined Vol volatilitySM Triple Qs Index, the Defined VolatilitySM series seeks to dynamically adjust exposure to match a target risk level. During low-volatility periods, the ETFs use total return swaps to amplify exposure, attempting to enhance potential returns, while in high-volatility periods they shift toward cash and U.S. Treasuries to potentially help cushion against losses. This adaptive approach seeks to smooth the investment journey, and may provide investors with a more stable, risk-adjusted return potential. The Defined Volatility ETFs offer uncapped upside potential to the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), enabling significant participation in market gains, while providing portfolio stability by reducing exposure during turbulent periods. Additionally, unlike many option-based strategies, these ETFs seek to generate dividend income, adding another layer of potential value for investors. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 02 December 2024. Payment date: 03 January 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (1.8%). Announcement • Nov 02
Westwood Holdings Group, Inc. Declares Cash Dividend, Payable on January 3, 2025 Westwood Holdings Group, Inc. declared a cash dividend of $0.15 per common share, payable on January 3, 2025 to stockholders of record on December 2, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.013 (vs US$0.42 in 3Q 2023) Third quarter 2024 results: EPS: US$0.013 (down from US$0.42 in 3Q 2023). Revenue: US$23.7m (up 8.4% from 3Q 2023). Net income: US$105.0k (down 97% from 3Q 2023). Profit margin: 0.4% (down from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 22
Westwood Holdings Group, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Westwood Holdings Group, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$16.61, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 22x in the Capital Markets industry in the US. Total returns to shareholders of 8.3% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$14.90, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 21x in the Capital Markets industry in the US. Total loss to shareholders of 9.7% over the past three years. New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (US$99.0m market cap). Announcement • Aug 13
Westwood Appoints Chris Doran as Head of ETF Distribution & National Accounts Westwood Holdings Group announced that Chris Doran has joined the company as Head of ETF Distribution and National Accounts. Doran will report to Dave Linton, Managing Director and Head of Distribution at Westwood. The addition of Doran further reinforces the company’s commitment to expanding its ETF platform and suite of products. In April 2024, Westwood launched its first exchange-traded fund (“ETF”), the Westwood Salient Enhanced Midstream Income ETF, and launched its second ETF, the Westwood Salient Enhanced Energy Income ETF, in May 2024. Westwood aims to provide innovative investment tools in a variety of packages, that fit within its diversified suite of strategies, which includes U.S. Value, Multi-Asset, Real Assets, Alternatives and Managed Investment Solutions. The ETF structure offers distinct advantages to clients, including intra-day liquidity, transparency and tax efficiency. Doran has a robust career spanning over 25 years in the financial services industry and has served as a key figure in the early adoption and growth of ETFs. In 2005, he joined PowerShares Capital Management ETFs (presently Invesco ETFs) as the Eastern Sales Manager to help build and manage the company’s sales team. Next, he served as Head of PowerShares’ Capital Management National Retail Sales at Invesco. Most recently, Doran served as Managing Director at SEI, where his role involved engaging and cultivating relationships with key individuals and organizations. Declared Dividend • Aug 04
Second quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 30th August 2024 Payment date: 1st October 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$0.27 loss per share (vs US$0.36 profit in 2Q 2023) Second quarter 2024 results: US$0.27 loss per share (down from US$0.36 profit in 2Q 2023). Revenue: US$22.7m (up 3.4% from 2Q 2023). Net loss: US$2.24m (down 178% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jul 18
Westwood Holdings Group, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Westwood Holdings Group, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (2.3%). Declared Dividend • May 05
First quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 3rd June 2024 Payment date: 1st July 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.9% EPS decline seen over the last 5 years. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.28 (vs US$0.088 in 1Q 2023) First quarter 2024 results: EPS: US$0.28 (up from US$0.088 in 1Q 2023). Revenue: US$22.7m (flat on 1Q 2023). Net income: US$2.30m (up 231% from 1Q 2023). Profit margin: 10% (up from 3.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Westwood Holdings Group, Inc. Announces Appointment of Michael Kovacs as Senior Solutions Portfolio Manager Westwood Holdings Group, Inc. announced the addition of Michael Kovacs as a senior solutions portfolio manager on its Managed Investment Solutions Team. Operating from the Chicago office, Mr. Kovacs will spearhead the design and execution of technology-driven equity solutions that emphasize adaptability, transparency and outcomes. The Managed Investment Solutions capability was added last year to bolster the firm’s ability to provide customized solutions to institutional and wealth investors. Mr. Kovacs has more than 20 years of investment experience at the intersection of technology and investment solutions, with significant experience leveraging innovative technology to enhance portfolio management capabilities. Previously, Mr. Kovacs served as head of investment technology strategy at Legal & General Investment Management. In this capacity, he played a pivotal role in bridging the gap between investment and technology teams, leading to the successful execution of strategic and tactical projects. His contributions significantly enhanced operational efficiency and scalability. Mr. Kovacs will report directly to the Head of the Managed Investment Solutions Team, Greg Behar. Announcement • Apr 20
Westwood Holdings Group, Inc. to Report Q1, 2024 Results on May 01, 2024 Westwood Holdings Group, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 01, 2024 Announcement • Apr 09
Westwood Holdings Group, Inc. Launches the Westwood Salient Enhanced Midstream Income ETF Westwood Holdings Group, Inc. launched the Westwood Salient Enhanced Midstream Income ETF. The fund is the first Westwood Exchange-Traded Fund (ETF). MDST seeks to deliver current income and capital appreciation by investing in midstream energy companies, defined as companies and master limited partnerships (MLPs) that gather, transport, store and distribute crude oil, natural gas and other energy products. The ETF combines a high conviction, actively managed, energy-focused equity portfolio with an options overlay designed to produce enhanced income distributions for investors. MDST employs a proven fundamental approach to portfolio construction within the energy infrastructure sector, coupled with a disciplined options overlay that seeks to deliver improved risk-adjusted total returns and a significant amount of distributable income paid out monthly. Westwood is not aware of comparable ETFs in the Midstream sector. Announcement • Mar 27
Westwood Holdings Group, Inc., Annual General Meeting, May 01, 2024 Westwood Holdings Group, Inc., Annual General Meeting, May 01, 2024, at 10:00 Central Standard Time. Agenda: To consider the election of five directors to hold office until the next annual meeting of westwood's stockholders and until their respective successors shall have been duly elected and qualified; to consider the ratification of the appointment of bdo usa, p.c. as westwood's independent auditors for the year ending December 31, 2024; to approve the tenth amended and restated westwood holdings group, inc. stock incentive plan; to cast a non-binding, advisory vote on the company's executive compensation; and to approve an amendment to the company’s amended and restated certificate of incorporation to extend exculpation protection to officers of the company pursuant to section 102(b)(7) of the delaware general corporation law. Recent Insider Transactions • Mar 10
Insider recently sold US$168k worth of stock On the 6th of March, Matthew Lockridge sold around 14k shares on-market at roughly US$12.01 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$220k more than they bought in the last 12 months. Announcement • Feb 23
Susan M. Byrne to Become Director Emerita of the Westwood Holdings Group Board of Directors, Effective from May 1, 2024 Westwood Holdings Group announced that founder Susan M. Byrne will become a Director Emerita of the Company’s Board of Directors (the “Board”) on May 1, 2024. As a result, Ms. Byrne will not stand for re-election at the Company’s annual meeting. As Director Emerita, Ms. Byrne may participate in meetings but will not be a voting member of the Board. Susan M. Byrne, founder of Westwood, has served on the Board of Directors of Westwood since its inception in 2001. Ms. Byrne is currently vice chair and previously served as Chair of the Board from 2001 to 2015. She served in a variety of roles at the firm, including: co-chief investment officer from 2011 to 2012, chief investment officer of Westwood from 2006 to 2011 and chief executive officer from 2001 to 2005. Ms. Byrne is the founder of Westwood Management and served as its Chair of the Board starting in 1983, as chief investment officer from 1983 to 2012, as chief executive officer from 1983 to 2005 and as president from 1983 to 2002. She served as a director of Westwood Trust from 1996 to 1999. She previously served as a member of the board of Presbyterian Communities and Services Foundation, Trustee of the First Presbyterian Church of Dallas Foundation, a member of the board of the University of Texas Investment Management Company and as a member of the board of trustees for the City of Dallas Employees Retirement Fund. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 03 April 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (2.4%). Declared Dividend • Feb 18
Fourth quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 29th February 2024 Payment date: 3rd April 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$1.33 (vs US$0.59 loss in FY 2022) Full year 2023 results: EPS: US$1.33 (up from US$0.59 loss in FY 2022). Revenue: US$89.8m (up 31% from FY 2022). Net income: US$10.6m (up US$15.2m from FY 2022). Profit margin: 12% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (124% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (US$98.9m market cap). Announcement • Feb 01
Westwood Holdings Group, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 Westwood Holdings Group, Inc. announced that they will report fiscal year 2023 results After-Market on Feb 14, 2024 Upcoming Dividend • Nov 24
Upcoming dividend of US$0.15 per share at 5.4% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 03 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$11.07, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total returns to shareholders of 22% over the past three years. Announcement • Nov 03
Westwood Holdings Group, Inc. Approves Quarterly Cash Dividend, Payable on January 3, 2024 Westwood Holdings Group, Inc. announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per common share, payable on January 3, 2024 to stockholders of record on December 1, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.42 (up from US$0.15 loss in 3Q 2022). Revenue: US$21.9m (up 42% from 3Q 2022). Net income: US$3.36m (up US$4.53m from 3Q 2022). Profit margin: 15% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Westwood Holdings Group, Inc. to Report Q3, 2023 Results on Oct 31, 2023 Westwood Holdings Group, Inc. announced that they will report Q3, 2023 results After-Market on Oct 31, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.15 per share at 5.8% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 02 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.8%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.36 (vs US$0.048 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.36 (up from US$0.048 loss in 2Q 2022). Revenue: US$21.9m (up 41% from 2Q 2022). Net income: US$2.90m (up US$3.27m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Westwood Holdings Group, Inc. Declares Cash Dividend, Payable on October 2, 2023 Westwood Holdings Group, Inc. declared a cash dividend of $0.15 per common share, payable on October 2, 2023 to stockholders of record on September 1, 2023. Announcement • Jul 24
Westwood Holdings Group, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Westwood Holdings Group, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 New Risk • Jun 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$98.9m market cap). Upcoming Dividend • May 25
Upcoming dividend of US$0.15 per share at 4.7% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 03 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.7%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$0.091 (vs US$0.006 in 1Q 2022) First quarter 2023 results: EPS: US$0.091 (up from US$0.006 in 1Q 2022). Revenue: US$22.7m (up 32% from 1Q 2022). Net income: US$714.0k (up US$664.0k from 1Q 2022). Profit margin: 3.1% (up from 0.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 26
Insider recently sold US$79k worth of stock On the 22nd of February, Matthew Lockridge sold around 7k shares on-market at roughly US$11.70 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$126k more than they bought in the last 12 months. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.15 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 03 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.5%). Announcement • Feb 18
Westwood Holdings Group, Inc. Announces Resignation of Julie K. Gerron, the Senior Vice President, General Counsel and Chief Compliance Officer On February 10, 2023, Julie K. Gerron, the Senior Vice President, General Counsel and Chief Compliance Officer of Westwood Holdings Group, Inc. (the “Company”), informed the Company of her decision to resign from the Company and pursue employment at another company. Ms. Gerron has agreed to stay on with the Company through April 3, 2023 in order to provide transition assistance to the Company. Ms. Gerron has been a valued employee of the Company for the past 19 years, and the Company wishes her well in the next phase of her career.