earnings
confidence high
sentiment positive
materiality 0.65
Westwood Q3 net income $1.9M vs loss; revenue up to $17.9M; dividend raised to $0.15/share
WESTWOOD HOLDINGS GROUP INC
2021-Q3 EPS reported
$0.88
revenue$53,663,000
- Revenue of $17.9M, up from $15.5M a year ago; net income $1.9M vs $10.3M loss.
- Diluted EPS $0.24 vs loss of $1.31; non-GAAP economic EPS $0.47.
- AUM $13.8B as of Sept 30, down from $14.4B at June 30; net outflows and market depreciation.
- Board increased regular quarterly dividend to $0.15/share, payable Jan 3, 2022 to holders of record Dec 3, 2021.
- Company held $76.6M cash; no debt; special dividend of $2.50/share paid in August.