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Westwood Holdings posts 4Q profit

DALLAS (AP) _ Westwood Holdings Group Inc. (WHG) on Wednesday reported fourth-quarter earnings of $7.6 million.

On a per-share basis, the Dallas-based company said it had net income of 92 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.45 per share.

The investment asset manager posted revenue of $31.1 million in the period.

For the year, the company reported profit of $22.6 million, or $2.77 per share. Revenue was reported as $123 million.

Westwood Holdings shares have decreased slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $54.41, a climb of 22 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