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

Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001165002-23-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Holdings reports Q2 net income $2.9M vs year-ago loss; revenue $21.9M
------------------------------------------------------------------------------

- Q2 revenue $21.9M, down from Q1 $22.7M but up from $15.6M a year ago; net income $2.9M ($0.36 EPS) vs net loss $0.4M.
- Non-GAAP Economic Earnings $5.7M ($0.70/sh) vs $1.6M ($0.20/sh) in Q2 2022; cash $38.1M, no debt.
- Declared $0.15 quarterly dividend payable Oct 2, 2023 to holders of record Sep 1, 2023.
- AUM/AUA totaled $16.2B; positive institutional inflows in Large Cap and SmidCap strategies.
- 60% of US value strategies beat benchmarks; Select Income and Global Real Estate posted top-decile Morningstar ranks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500223000068/0001165002-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500223000068/whg-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001165002-23-000068

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