secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001165002-22-000088
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Q2 net loss of $0.4M; announces acquisition of Salient asset management
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- Revenue $15.6M, down from $17.2M Q1 and $17.5M YoY; AUM fell to $12.1B from $13.9B at March 31.
- GAAP diluted EPS -$0.05; Non-GAAP Economic Earnings $1.6M ($0.20/share) vs $1.9M ($0.24) Q1.
- Strategic acquisition of Salient Partners' asset management business, subject to revenue retention and growth targets.
- Board declared $0.15 dividend payable Oct 1, 2022 to record holders Sep 2, 2022.
- Multiple value strategies beat benchmarks; Alternative Income mutual fund achieved top percentile ranking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500222000088/0001165002-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500222000088/whg-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001165002-22-000088

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