secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001165002-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Q4 revenues $23.2M, net income $2.6M vs loss; declares $0.15 dividend
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- Q4 revenues $23.2M (+13% YoY); comprehensive income $2.6M vs net loss of $3.1M in Q4 2022.
- Non-GAAP Economic Earnings $5.2M ($0.63/share) vs loss of $0.7M ($0.09 loss) in Q4 2022.
- Full year 2023 net income $10.6M ($1.17 diluted EPS) vs net loss of $4.6M ($0.59 loss) in 2022.
- Cash $53.1M, no debt; AUM $15.5B; declared $0.15/share dividend payable April 3, 2024.
- SmidCap Value institutional wins expected to fund H1 2024; Managed Investment Solutions team joined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000009/0001165002-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000009/whg-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001165002-24-000009

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