secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001165002-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Q1 2023 revenue $22.7M, net income $0.7M; declares $0.15 dividend
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- Revenue $22.7M vs $20.5M in Q4 2022 and $17.2M a year ago; net income $0.7M (vs net loss $3.1M in Q4).
- Diluted EPS $0.09; non-GAAP Economic Earnings $3.6M ($0.45 per share) vs Q4 loss $0.7M.
- Quarterly cash dividend of $0.15 declared, payable July 3, 2023 to holders of record June 2, 2023.
- Integration of Salient Partners on track; increased Broadmark Asset Management stake to ~80%.
- AUM/AUA $16.2B at quarter end; $32.3M cash and short-term investments, no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500223000045/0001165002-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500223000045/whg-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001165002-23-000045

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