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Westwood Holdings: 4Q Earnings Snapshot

DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported fourth-quarter earnings of $5.4 million.

On a per-share basis, the Dallas-based company said it had profit of 64 cents. Earnings, adjusted for stock option expense and amortization costs, came to $1.12 per share.

The investment asset manager posted revenue of $26.1 million in the period.

For the year, the company reported profit of $26.8 million, or $3.13 per share. Revenue was reported as $122.3 million.

Westwood Holdings shares have risen almost 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.91, a decrease of 42 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHG at https://www.zacks.com/ap/WHG