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 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.
Diamond Hill Capital Management has launched the Diamond Hill Large Cap Concentrated Fund, making its previously managed strategy since 2011 accessible as a mutual fund. Managed by Chuck Bath and Austin Hawley, the fund targets approximately 20 positions with market caps over $15 billion that are deemed undervalued. The firm currently oversees $30.6 billion in assets as of March 31, 2021. The fund comes with a risk disclosure highlighting the potential for greater value decline due to its concentrated portfolio.
Diamond Hill Investment Group (NASDAQ:DHIL) reported strong financial results for Q1 2021, with assets under management rising to $30.6 billion from $26.4 billion in Q4 2020 and $17.5 billion a year earlier. Revenue increased by 22% to $39.0 million, while net income attributable to common shareholders surged to $13.7 million, up from $1.5 million in Q1 2020. The company also announced a quarterly cash dividend of $1.00 per share to be paid on June 18, 2021. Operating profit margin adjusted was 43%, reflecting disciplined management and a commitment to existing clients.
Diamond Hill Capital Management announced that its Large Cap Strategy will close to most new investors effective March 31, 2021. This move allows the strategy to focus on long-term performance and maintain portfolio integrity. As of January 31, 2021, the strategy managed $15.0 billion in assets. Existing shareholders can still invest, but new separate accounts will have limited availability. The firm emphasizes its commitment to capacity management to ensure it can deliver value-added returns for clients.
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