Westwood: Westwood Holdings Group Inc (WHG) Q4 2024 Earnings Call Highlights: Strong Revenue Growth ...

In This Article: Release Date: February 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript . Positive Points Negative Points Q & A Highlights Q : Can you provide an overview of Westwood Holdings Group's performance in the fourth quarter of 2024? A : Terry Forbes, CFO, reported total revenues of $25.6 million for Q4 2024, up from $23.7 million in Q3 and $23.2 million in Q4 2023. This increase was primarily due to higher average assets under management and performance fees. Comprehensive income for Q4 was $2.1 million or $0.24 per share, compared to a net loss of $2.6 million or $0.32 per share in Q4 2023. Q : How did Westwood Holdings Group's ETF initiatives perform in 2024? A : Brian Casey, CEO, highlighted the successful entry into the ETF market with the launch of two active ETFs. The Westwood Salient Enhanced Midstreamcom ETF (MDST) reached $73 million in assets by year-end, exceeding expectations. The company also expanded its ETF platform with new products through a partnership with ETF veteran Ben Fulton. Q : What strategic growth initiatives did Westwood Holdings Group undertake in 2024? A : The company completed the build-out of its managed investment solutions platform and is in promising client conversations. Additionally, the energy secondaries fund is performing as expected, and Westwood is exploring further opportunities in this space. Q : How did Westwood Holdings Group's investment strategies perform relative to benchmarks? A : While most US value products were behind benchmarks, 80% of value strategies outperformed over trailing three-year periods. The Income Opportunity strategy ranked in the top quartile for various periods, and the Multi-asset Income strategy earned a 5-star Morningstar rating. Q : What is Westwood Holdings Group's outlook for the future? A : The company maintains a cautiously optimistic outlook, expecting its strategies to perform well amid benign credit conditions and attractive equity valuations. Westwood is focused on strengthening core infrastructure and pursuing strategic growth, particularly in the ETF space and managed investment solutions. For the complete transcript of the earnings call, please refer to the full earnings call transcript . This article first appeared on GuruFocus .