Welcome to our dedicated page for Diamond Hill Invt Group news (Ticker: DHIL), a resource for investors and traders seeking the latest updates and insights on Diamond Hill Invt Group stock.
Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) is a public asset management company whose consolidated revenues and net income come from investment advisory and fund administration services provided by its wholly owned subsidiary, Diamond Hill Capital Management, Inc. As an independent active asset manager with significant employee ownership, Diamond Hill emphasizes valuation-driven investment principles, a long-term perspective, capacity discipline and client alignment across U.S. and international equity, alternative long-short equity and fixed income strategies.
This news page aggregates company-issued updates and regulatory-related announcements about Diamond Hill. Readers can follow earnings releases that detail quarterly and annual financial results, including revenue from advisory and fund administration fees, operating margins, non-GAAP performance metrics and capital allocation decisions such as dividends and share repurchases. Regular AUM and AUA updates provide insight into asset flows across proprietary funds, separately managed accounts, collective investment trusts and other pooled vehicles, as well as shifts between equity and fixed income strategies.
Coverage also includes governance developments, such as board appointments of independent directors with extensive asset management experience and executive employment agreements for key leaders. In addition, this page features information related to the company’s announced Agreement and Plan of Merger with First Eagle Investment Management, LLC, under which a merger subsidiary will combine with Diamond Hill and Diamond Hill is expected to become a wholly owned subsidiary of First Eagle if closing conditions are met.
Investors and researchers can use this news feed to review how Diamond Hill communicates its investment philosophy, reports financial performance, discusses growth in specific strategies and describes significant corporate actions over time.
Diamond Hill Investment Group, Inc. reported financial results for the first quarter of 2024, showing an increase in assets under management and client inflows. Revenue, net income, and earnings per share also improved compared to the previous year. The company declared a quarterly dividend of $1.50 per share. Despite a decrease in net operating profit margin, the CEO highlighted improved long-term investment performance and solid client interest.
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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.