Westwood Holdings Group, Inc. Board of Directors Authorizes $10M Share Repurchase

Westwood Holdings Group, Inc. (NYSE: WHG) today announced that its Board of Directors has authorized a share repurchase of up to $10 million of its outstanding common stock. The repurchases will occur at such times and at such prices as the management of the Company determines and may be effected through transactions in the open market or privately negotiated transactions. The Company had approximately 7.8 million shares of common stock outstanding as of August 5, 2011.