secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001165002-21-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Q2 rev $17.5M, net income $1.0M, best sales quarter since 2016, declares $2.50 special dividend
--------------------------------------------------------------------------------

- Revenue $17.5M vs $18.3M Q1 and $15.9M YoY; net income $1.0M vs $4.1M Q1 (incl $6M gains) and vs $2.6M net loss YoY.
- Non-GAAP economic earnings $2.8M ($0.35/share) vs $6.3M ($0.79) Q1 and $0.2M ($0.03) YoY.
- Record net inflows of $1B (excl $1.6B Aviva transition); AUM $14.4B at June 30.
- Regular dividend $0.10/share payable Oct 1; special dividend $2.50/share payable Aug 20; $0.3M in share repurchases.
- Cash and short-term investments $92.3M, no debt; stockholder equity $134.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500221000068/0001165002-21-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500221000068/whg-20210727.htm
  HTML page:      https://secwatch.observer/filing/0001165002-21-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer