secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001165002-22-000102
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood reports Q3 net loss of $1.2M; revenue down to $15.4M; dividend $0.15
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- Revenue $15.4M vs $15.6M Q2 and $17.9M year ago; net loss $1.2M (diluted EPS -$0.15) vs net income $1.9M in Q3 2021.
- AUM $11.5B at Sep 30, down from $12.1B at Jun 30 due to market depreciation across most asset classes.
- Non-GAAP Economic Earnings $0.8M ($0.10 per share) vs $1.6M Q2 and $3.7M a year ago; cash $74.0M, no debt.
- Declared $0.15 quarterly dividend payable Jan 3, 2023 to holders of record Dec 2, 2022.
- Salient acquisition on track: proxy solicitation for mutual fund move underway; expected close by end of 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500222000102/0001165002-22-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500222000102/whg-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001165002-22-000102

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