secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001165002-24-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood Q3 revenue up to $23.7M but comprehensive income slumps to $0.1M; AUM hits $17.7B
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- Revenue of $23.7M (up from $22.7M Q2 and $21.9M YoY); comprehensive income $0.1M vs $3.4M YoY due to higher expenses and contingent consideration adjustment.
- GAAP diluted EPS $0.01 vs ($0.27) Q2 and $0.41 YoY; Non-GAAP Economic EPS $0.13 vs $0.80 YoY.
- Firmwide AUM $17.7B, highest in 6 years; cash $48.3M, no debt.
- Quarterly dividend of $0.15/share declared, payable Jan 3, 2025 to holders of record Dec 2, 2024.
- Partnership with ETF pioneer Ben Fulton (WEBs) to develop new ETF strategies; MDST ETF passed critical thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000075/0001165002-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000075/whg-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001165002-24-000075

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