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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 27, 2006

                          WESTWOOD HOLDINGS GROUP, INC.
               (Exact name of registrant as specified in charter)

          Delaware                      001-31234                75-2969997
(State or other jurisdiction           (Commission              (IRS Employer
     of incorporation)                File Number)           Identification No.)

                         200 Crescent Court, Suite 1200
                               Dallas, Texas 75201
                    (Address of principal executive offices)

                                 (214) 756-6900
              (Registrant's telephone number, including area code)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange
      Act (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02:   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In accordance with Securities and Exchange Commission Release No. 34-47583, the
following information, which is being furnished pursuant to the requirements of
Item 2.02, "Results of Operations and Financial Condition," is being reported
under Item 7.01, "Regulation FD Disclosure."

On April 27, 2006, Westwood Holdings Group, Inc. issued a press release entitled
"Westwood Holdings Group, Inc. Reports First Quarter 2006 Results and Declares
Quarterly Dividend", a copy of which is furnished with this Current Report on
Form 8-K as Exhibit 99.1. The information in this Current Report on Form 8-K
shall not be deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section, nor shall it be deemed incorporated by reference in
any filing of the Company under the Securities Act of 1933, as amended.

ITEM 7.01:   REGULATION FD DISCLOSURE

Westwood announced today that its Board of Directors has approved the payment of
a quarterly cash dividend of $0.09 per common share, payable on July 3, 2006 to
stockholders of record on June 15, 2006.

ITEM 9.01:   FINANCIAL STATEMENTS AND EXHIBITS

(d)  Exhibits:  The following exhibit is furnished with this report:

Exhibit Number                             Description
--------------    --------------------------------------------------------------
99.1              Press Release dated April 27, 2006, entitled "Westwood
                  Holdings Group, Inc. Reports First Quarter 2006 Results and
                  Declares Quarterly Dividend"



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: April 27, 2006

                                            WESTWOOD HOLDINGS GROUP, INC.

                                            By:  /s/  William R. Hardcastle, Jr.
                                                 -------------------------------
                                                 William R. Hardcastle, Jr.,
                                                 Chief Financial Officer



                                  EXHIBIT INDEX

Exhibit Number    Description
--------------    --------------------------------------------------------------
     99.1         Press Release dated April 27, 2006, entitled "Westwood
                  Holdings Group, Inc. Reports First Quarter 2006 Results and
                  Declares Quarterly Dividend"