Diamond Hill Invt Group Inc Stock Price, News & Analysis

Diamond Hill Investment Group (NASDAQ:DHIL) reported significant financial declines in its fourth quarter and full year 2022 results. The company's assets under management (AUM) fell to $24.8 billion from $31.0 billion a year earlier due to $2.2 billion in client outflows and $4.0 billion in market depreciation. Revenue dropped to $154.5 million, down 15% year-over-year, while net income fell by 46% to $40.4 million. Earnings per share also decreased to $13.01. Despite these challenges, the company returned $69.4 million to shareholders through dividends and buybacks.

Diamond Hill Investment Group (NASDAQ: DHIL) has appointed Mark Zinkula as a new director, effective immediately. Zinkula, a CFA, brings over 30 years of experience in the financial sector, including a notable tenure as CEO at Legal & General Investment Management, where he tripled assets under management to over $1.5 trillion. He will participate in the Audit, Compensation, and Nominating and Governance Committees. CEO Heather Brilliant and Board Chair James Laird expressed confidence in Zinkula's expertise, emphasizing his alignment with the company’s client-first approach. Diamond Hill currently manages $26.4 billion in assets.

Diamond Hill Investment Group reported a challenging Q3 2022, with assets under management (AUM) falling to $23.9 billion from $31 billion at year-end 2021. Revenue decreased by 30% to $38.3 million, while net income attributable to common shareholders dropped 53% to $12 million. The company faced net client outflows of $760 million, contrasting with previous inflows. Shareholders will receive a total annual dividend of $10.00 per share, including a special dividend of $4.00 per share, payable on December 9, 2022. Performance-based fees also fell significantly, impacting overall profitability.

Diamond Hill Investment Group (NASDAQ: DHIL) reported Q2 2022 financial results, revealing assets under management (AUM) of $25.8 billion, down from $31.0 billion at year-end 2021. The quarter saw $515 million in net client outflows and revenues of $39 million, a decrease from $45 million in Q2 2021. Net income attributable to common shareholders fell to $4.4 million, down 74% year-over-year, with diluted earnings per share at $1.40. The company declared a $1.50 dividend per share, payable on September 16, 2022, showcasing commitment to shareholder returns despite challenging market conditions.

Diamond Hill Investment Group, Inc. (NASDAQ: DHIL) reported its Q1 2022 results with assets under management at $30.3 billion, a slight decrease from the previous quarter. Revenue reached $42.3 million, up 8% from Q1 2021, but net income attributable to common shareholders dropped 33% to $9.1 million. The company announced a quarterly cash dividend of $1.50 per share, payable on June 17, 2022. Despite strong operating profit margins at 45%, an investment loss of $7.6 million impacted overall earnings, highlighting the market's volatility during the quarter.

Diamond Hill Investment Group (DHIL) announced strong financial results for 2021, with revenue reaching $182.2 million, a 44% increase from $126.4 million in 2020. The company's net income rose to $74.2 million, up 92% year-over-year. Assets under management surged to $31.0 billion, boosted by $2.1 billion in net client inflows. The operating profit margin improved to 42%. A quarterly cash dividend of $1.50 per share was announced, along with a $50 million share repurchase program.

Diamond Hill Investment Group (DHIL) reported strong Q3 2021 results, with revenue increasing to $55.1 million, up from $31.2 million a year prior. Assets under management (AUM) decreased to $29.2 billion from $32.4 billion, affected by the sale of high yield advisory contracts. The company recorded $11.9 million in performance fees and net income attributable to shareholders reached $25.6 million, equating to $8.03 per share. A dividend of $1.00 per share, alongside a special dividend of $19.00, will be paid on December 10, 2021.

On Sept. 15, 2021, Diamond Hill Investment Group (NASDAQ: DHIL) appointed L'Quentus Thomas as an independent director. Thomas brings extensive experience in private credit and investment management, currently serving as Senior Managing Director at Stonehenge Capital Company. His addition to the board, alongside other independent directors, aims to enhance shareholder value and investment outcomes. As of August 31, 2021, Diamond Hill manages $30.1 billion in assets, emphasizing a commitment to valuation-driven investment principles.

Diamond Hill Investment Group reported strong second-quarter results for 2021, with assets under management (AUM) increasing to $32.4 billion, up from $30.6 billion in Q1 2021 and $20.6 billion in Q2 2020. Revenue surged 60% year-over-year to $45.1 million, while net income attributable to common shareholders rose 38% to $16.9 million. The operating profit margin improved to 39% from 25% in the previous year. The company announced a quarterly dividend of $1.00 per share, to be paid on September 24, 2021.