Welcome to our dedicated page for Diamond Hill Investment Group news (Ticker: DHIL), a resource for investors and traders seeking the latest updates and insights on Diamond Hill Investment Group stock.
Diamond Hill Investment Group (Nasdaq: DHIL) is an independent investment management firm based in Columbus, Ohio. Established in 2000, the company has a strong foundation with significant employee ownership and a commitment to delivering long-term value to its clients. With $17.1 billion in assets under management as of November 30, 2015, Diamond Hill offers a range of investment services to both institutional and individual investors.
The firm’s services include mutual funds, separate accounts, exchange-traded funds, and private investment funds. Diamond Hill’s strategies encompass long-only U.S. equity, alternative long-short equity, and fixed income. The company’s intrinsic value-based investment philosophy is rooted in the belief that a company's intrinsic value is independent of its stock price. By identifying significant differences between market price and intrinsic value through a disciplined approach and discounted cash flow methodology, Diamond Hill aims to achieve competitive long-term returns.
Diamond Hill’s recent financial performance highlights its strategic efforts to diversify its business. Despite facing challenges with lower average assets under management in some quarters, the company has seen promising inflows in fixed income strategies, which have helped offset equity outflows. For instance, during the second quarter of 2023, Diamond Hill reported improved long-term performance and strong market conditions, despite a dip in revenue and operating margin.
The firm is also committed to aligning its interests with those of its clients. This alignment is reflected in their capital allocation strategy, which focuses on growing the company’s intrinsic value and returning excess capital to shareholders. The company regularly approves quarterly cash dividends, with notable recent payments reflecting their robust financial health.
Diamond Hill’s leadership, led by CEO Heather Brilliant, emphasizes the importance of maintaining a long-term perspective and capacity discipline. The company continually invests in new strategies and technological advancements to meet changing market conditions and client needs.
Key Recent Achievements:
- Reported improved fixed income strategy performance in Q3 2023.
- Maintained quarterly cash dividends of $1.50 per share.
- Focused on diversifying business to mitigate equity outflows.
As an active asset manager with significant employee ownership, Diamond Hill remains dedicated to delivering excellent client outcomes in all market environments. For more detailed financial information and updates, visit their website at www.diamond-hill.com.
Diamond Hill Investment Group reported Q3 2024 financial results with assets under management (AUM) and assets under advisement (AUA) reaching $33.2 billion, up from $26.6 billion in Q3 2023. Revenue increased 10% to $39.0 million, while net client outflows improved to $22.0 million from $343.0 million in Q3 2023. Earnings per share rose to $5.35 from $2.20 year-over-year. The company declared a quarterly dividend of $1.50 per share and approved a new $50 million share repurchase program. Net operating profit margin decreased to 26% from 35% in Q3 2023, while adjusted net operating profit margin was 32% compared to 33% last year.
Diamond Hill Investment Group (Nasdaq: DHIL) released unaudited financial results for Q2 2024, reporting notable growth and some areas of concern. Assets under management (AUM) and assets under advisement (AUA) reached $31.1 billion, up from $27.9 billion YoY. Revenue increased to $36.7 million, a 10% rise compared to Q2 2023. However, net income attributable to common shareholders decreased 14% to $8.1 million, with EPS falling to $2.93 from $3.18. Despite a net operating profit margin rise to 33%, investment income turned into a loss of $0.7 million compared to a gain of $6.3 million previously. Additionally, the company declared a quarterly dividend of $1.50 per share, payable on September 13, 2024. CEO Heather Brilliant highlighted growth in fixed income strategies and strong equity markets as key performance drivers.
Diamond Hill Investment Group Inc. (NASDAQ: DHIL) has appointed Gordon Fowler to its Board of Directors. Fowler, who brings over 40 years of experience in the financial services industry, will serve as one of six independent directors on the seven-person board. He will also be a member of the Audit, Compensation, and Nominating and Governance Committees.
Fowler's extensive career includes a 20-year tenure at Glenmede , where he most recently served as CEO and President. He also held various roles at J.P. Morgan Chase, including Chief Investment Officer of the Private Bank. Diamond Hill CEO Heather Brilliant expressed confidence that Fowler's experience will contribute to the company's commitment to generating long-term investment outcomes.
As of June 30, 2024, Diamond Hill's assets under management and advisement totaled $31.1 billion.
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.
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.
FAQ
What is the current stock price of Diamond Hill Investment Group (DHIL)?
What is the market cap of Diamond Hill Investment Group (DHIL)?
What does Diamond Hill Investment Group do?
Where is Diamond Hill Investment Group based?
When was Diamond Hill Investment Group founded?
What is Diamond Hill's investment philosophy?
How much assets under management (AUM) did Diamond Hill have as of November 2015?
What recent financial achievements has Diamond Hill reported?
Who is the CEO of Diamond Hill Investment Group?
What is Diamond Hill's approach to capital allocation?
What are the main services offered by Diamond Hill?
How does Diamond Hill align its interests with clients?
