DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported a second-quarter loss of $2.6 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of 33 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 3 cents per share.
The investment asset manager posted revenue of $15.9 million in the period.
Westwood Holdings shares have fallen 59% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.26, a decline of 61% in the last 12 months.