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Westwood Holdings posts 1Q profit

DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported first-quarter earnings of $6.1 million.

On a per-share basis, the Dallas-based company said it had profit of 73 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.28 per share.

The investment asset manager posted revenue of $32.6 million in the period.

Westwood Holdings shares have declined nearly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.25, a decline of almost 6 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


Keywords: Westwood Holdings Group, Earnings Report