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GlobeNewswire·

Westwood Holdings Group, Inc. Reports First Quarter 2026 Results

WHG
  • Assets Under Management (AUM) grew to $18.3 billion, an increase of $0.8 billion from the prior year.
  • Enhanced Income Series™ ETFs surpassed $300 million in assets & gained approval on a major wirehouse platform.
  • Westwood Energy Secondaries Fund II reached a final close exceeding $300 million in capital commitments.
  • Institutional gross sales totaled $322 million, including the acquisition of the first institutional MIS client.
  • First quarter 2026 revenues were $25.0 million, down from $27.1 million in Q4 2025 but up from $23.3 million in Q1 2025.
  • Net income for the quarter was $0.8 million, compared to $1.9 million in Q4 2025 & $0.5 million in Q1 2025.
  • Non-GAAP Economic Earnings were $2.8 million ($0.31 per share), compared to $3.3 million in Q4 2025 & $2.5 million in Q1 2025.
  • Diluted earnings per share (EPS) were $0.09, compared to $0.21 in Q4 2025 & $0.05 in Q1 2025.
  • Firmwide assets under advisement (AUA) totaled $0.9 billion, bringing total firmwide assets to $18.3 billion.
  • Westwood held $52.1 million in cash & investments as of March 31, 2026, with stockholders' equity of $125.0 million & no debt.
  • The company declared a cash dividend of $0.15 per common share, payable on July 1, 2026, to record holders on June 1, 2026.
  • Investment strategies including SMidCap, MidCap, Platinum, Select Equity, Dividend Select, Income Opportunity, Income SMA, Multi-Asset Income, Alternative Income, Tactical Growth, & MLP SMA beat their primary benchmarks.
  • SMidCap, Select Equity, Dividend Select, Income Opportunity, Tactical Growth, & MLP SMA posted top quartile rankings vs. peers.
  • Higher compensation expenses & lower average AUM offset performance fee gains in Q1 2026, while gains from a private bank investment & lower income taxes supported net income.