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.