Westwood Holdings Q3 revenue rises on ETF and private capital growth
WHG•Westwood Holdings reported third-quarter revenue of $26.60 million, driven by growth in ETFs and private capital, while net income fell year over year. The company said ETF assets surpassed $430 million.
1. Revenue and earnings
Westwood Holdings said third-quarter revenue rose year over year to $26.60 million, driven by growth in ETFs, private energy secondaries funds and private capital distributions. Net income fell year over year, impacted by one-time severance and higher expenses; earnings per share were $0.34.
2. ETF and strategy updates
The company launched its first new ETF on the Texas Stock Exchange, and ETF assets surpassed $430 million. Select Equity, Multi-Asset Income and Real Estate Income strategies outperformed their benchmarks and peers.
