Core Insights - Diamond Hill Investment Group, Inc. reported its unaudited financial results for Q2 2025, highlighting a focus on long-term value creation amidst market volatility [1] - The company launched a new fixed income strategy, the Diamond Hill Securitized Total Return Fund, on July 1, 2025 [1] Financial Performance - Revenue for Q2 2025 was $36.0 million, a decrease of 2% from $36.7 million in Q2 2024 [4] - Net income attributable to common shareholders increased by 92% to $15.6 million in Q2 2025 from $8.1 million in Q2 2024 [4][5] - Earnings per share attributable to common shareholders - diluted rose to $5.73, a 96% increase compared to $2.93 in Q2 2024 [6] Capital Allocation - The board approved a quarterly cash dividend of $1.50 per common share, to be paid on September 12, 2025 [3] - The company returned approximately $12.3 million to shareholders through share repurchases and dividends [5] Assets Under Management - Total assets under management (AUM) and assets under advisement (AUA) were $31.9 billion as of June 30, 2025, unchanged from December 31, 2024, but up from $31.1 billion a year earlier [5][7] - Net client outflows were $644 million in Q2 2025, compared to net inflows of $229 million in Q2 2024 [5][7] Operating Expenses - Total operating expenses for Q2 2025 were $28.3 million, a 15% increase from $24.5 million in Q2 2024 [4] - The net operating profit margin decreased to 22% in Q2 2025 from 33% in Q2 2024 [5] Investment Income - Investment income for Q2 2025 was $14.6 million, compared to a loss of $0.7 million in Q2 2024 [5][6] - The company reported a net income before taxes of $22.3 million, a 94% increase from $11.5 million in Q2 2024 [4][5]

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-24498 DIAMOND HILL INVESTMENT GROUP, INC. (Exact name of registrant as specified in its charter) (State of incorporation) Ohio 65 ...

FOR IMMEDIATE RELEASE: Investor Contact: Tom Line—Chief Financial Officer 614-255-5989 (tline@diamond-hill.com) Media Contact: Lara Hoffmans—Managing Director-Marketing 614-255-5550 (lhoffmans@diamond-hill.com) DIAMOND HILL INVESTMENT GROUP, INC. REPORTS RESULTS FOR SECOND QUARTER 2025 AND DECLARES QUARTERLY DIVIDEND COLUMBUS, Ohio - July 29, 2025 -- Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported unaudited financial results for the second quarter of 2025. The following are selected highli ...

Core Insights - Joseph Noko is an Investment Analyst & Economist with a strong track record, achieving over 70% annualized portfolio returns since 2024 and maintaining a 74.5% accuracy in decade-ahead S&P 500 forecasting [1]. Group 1: Analyst Expertise - Noko specializes in financial modeling, forensic accounting adjustments, and high-conviction equity research [1]. - He is skilled in building reverse-DCF frameworks and rolling out standardized stock and credit ratings [1]. - Noko presents actionable buy/sell recommendations to senior stakeholders [1]. Group 2: Publications and Influence - Noko writes "The Mirandolan," a collection of thoughts on investment opportunities and the economics of risk, which is read by buy-side analysts, portfolio managers, and industry leaders [1]. - His work on Seeking Alpha is evolving to focus on recent and forthcoming IPOs [1].

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-24498 DIAMOND HILL INVESTMENT GROUP, INC. (Exact name of registrant as specified in its charter) (State of incorporation) Ohio 6 ...

FOR IMMEDIATE RELEASE: Investor Contact: Tom Line—Chief Financial Officer 614-255-5989 (tline@diamond-hill.com) Media Contact: Lara Hoffmans—Managing Director-Marketing 614-255-5550 (lhoffmans@diamond-hill.com) DIAMOND HILL INVESTMENT GROUP, INC. REPORTS RESULTS FOR FIRST QUARTER 2025 AND DECLARES QUARTERLY DIVIDEND COLUMBUS, Ohio - April 29, 2025 -- Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported unaudited financial results for the first quarter of 2025. The following are selected highlig ...

AUM Growth and Composition - Total Assets Under Management (AUM) increased from $26.6 billion in 2022 to $31.9 billion in 2024[25] - Fixed income AUM has been a significant driver of overall growth[24], increasing from $2.1 billion in 2022 to $6.2 billion in 2024[25, 35] - The pace of fixed income AUM growth is accelerating, with the time to reach each additional $1 billion in AUM decreasing over time[33] Investment Performance - Diamond Hill's Short Duration Securitized Bond Composite showed net performance of 9.40% for 1 Year, 4.85% for 3 Years, 4.11% for 5 Years, and 4.01% Since Inception (5 Jul 2016)[28] - Diamond Hill's Core Bond Composite showed net performance of 3.58% for 1 Year, -0.81% for 3 Years, 0.89% for 5 Years, and 1.89% Since Inception (5 Jul 2016)[28] - Diamond Hill International Composite net performance was 4.03% for 1 Year, 2.14% for 3 Years, 5.14% for 5 Years, and 8.18% Since Inception (30 Dec 2016)[71] - Diamond Hill Large Cap Strategy outperformed the Russell 1000 Value Index in 61% of 1-year rolling periods, 76% of 3-year rolling periods, 89% of 5-year rolling periods, 95% of 7-year rolling periods, and 100% of 10-year and 15-year rolling periods[65] Market Environment and Equity Strategy Performance - Active equity managers faced headwinds in 2024, with active mutual funds experiencing net outflows of $373 billion[38] - US equity strategies have shown varied alpha versus core and value benchmarks, with a weighted average alpha of -9 bps versus core benchmarks and 156 bps versus value benchmarks over 5 years[58] Financial Performance - The company returned $46.8 million to shareholders in 2024 through dividends and share repurchases[82] - Revenue and average AUM show signs of improvement, with revenue increasing from $33.4 million in Q2 2023 to $39.1 million in Q4 2024[74] - Adjusted net operating profit margins have stabilized in a higher cost environment, reaching 34% in Q4 2024[77, 121] Asset Allocation - Diamond Hill Funds account for $18.05 billion of the total assets, while Institutional SMA represents $3.29 billion[93]

Financial Data and Key Metrics Changes - The preliminary voting results indicate that all six nominated directors were elected for a one-year term, and the appointment of KPMG as the independent registered public accounting firm for the fiscal year 2025 has been ratified [15] - The Diamond Hill Investment Group, Inc. 2025 Equity and Cash Incentive Plan has been approved and adopted, along with the advisory approval of the 2024 compensation for named executive officers [15][16] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed in the meeting [17] Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting [17] Company Strategy and Development Direction and Industry Competition - The company did not provide detailed comments on its strategy or competitive landscape during this meeting [17] Management's Comments on Operating Environment and Future Outlook - Management did not offer specific insights regarding the operating environment or future outlook during the meeting [17] Other Important Information - The annual management presentation was posted on the company's Investor Relations website on March 12, 2025, and shareholders were encouraged to reach out via email for any questions regarding the presentation [17] Q&A Session All Questions and Answers Question: Were there any questions from shareholders? - No questions were received from shareholders during the meeting [13]

Company Information - Diamond Hill Investment Group, Inc. is a public company that generates consolidated revenues and net income from investment advisory and fund administration services through its wholly owned subsidiary, Diamond Hill Capital Management, Inc. [3] - As of February 28, 2025, Diamond Hill's combined assets under management and assets under advisement totaled $32.8 billion [3]. Shareholder Meeting - The 2025 Annual Meeting of Shareholders is scheduled to be held virtually on April 29, 2025, at 8:00 am ET, with a record date of March 3, 2025 [1]. - Shareholders can participate in the virtual meeting by visiting a specified website and entering a 16-digit control number [1]. Management Presentation - A video recording of Diamond Hill's management presentation to shareholders is currently available on their investor relations website [2].

Market Performance - The U.S. equity markets saw significant gains in 2024, with the Russell 3000 Index rising by 23.81% and large-cap stocks leading at 24.51%[112] - Growth stocks outperformed value stocks for the second consecutive year, with the Russell 1000 Growth Index returning 33.4%, exceeding the Russell 1000 Value Index by 19 percentage points[113] - The U.S. fixed income market posted a modest return of 1.25% in 2024, as measured by the Bloomberg U.S. Aggregate Bond Index[116] Fund Flows and Inflows - Total mutual fund and ETF inflows reached $720 billion in 2024, marking the second-highest annual inflow in the past 25 years[118] - Actively managed funds experienced $166 billion in outflows, while passively managed strategies accounted for $885 billion in inflows[118] - Large-cap ETFs received $514 billion in inflows, while large-cap mutual funds saw $318 billion in outflows[119] - The market for actively managed ETFs expanded significantly, with 500 new products introduced and $285 billion in inflows, representing 26% of total ETF flows[119] Company Financial Performance - Total revenue for 2024 was $151,095,000, an increase of 11% compared to $136,716,000 in 2023[142] - Net operating income for 2024 was $43,892,000, a 24% increase from $35,504,000 in 2023[142] - Adjusted net operating income for 2024 was $48,696,000, an 18% increase from $41,434,000 in 2023[142] - The Company generated net income attributable to common shareholders of $43.2 million ($15.66 per diluted share) for 2024, compared to $42.2 million ($14.32 per diluted share) for 2023, reflecting a year-over-year increase[150] Assets Under Management (AUM) - Ending Assets Under Management (AUM) and Assets Under Advisement (AUA) reached $31,925,000,000 in 2024, up from $29,164,000,000 in 2023, representing a growth of 9.5%[135] - Average AUM during 2024 was $29,718,000,000, reflecting a 16% increase from $25,552,000,000 in 2023[144] - Total AUM by product for 2024 included $18,097,000,000 in proprietary funds, $6,108,000,000 in separately managed accounts, and $1,947,000,000 in collective investment trusts[135] Expenses and Costs - The average advisory fee rate decreased to 0.45% in 2024 from 0.47% in 2023[144] - Compensation and related costs, excluding deferred compensation, increased by $3.9 million in 2024, primarily due to higher incentive compensation and salary expenses[166] - General and administrative expenses increased by $1.8 million, or 12%, in 2024, primarily due to enhancements in technology support and research management systems[169] Cash Flow and Capital Management - In 2024, net cash provided by operating activities totaled $16.6 million, driven by net income of $43.2 million and non-cash adjustments[188] - The company repurchased 195,224 shares in 2024 at an average price of $154.92, totaling $30.2 million[182] - The company paid a total dividend of $16.5 million in fiscal 2024, maintaining a regular dividend of $6.00 per share[183] - The company had no debt and believes its available working capital is sufficient to cover current expenses and anticipated capital expenditures[186] Tax and Income Adjustments - The effective tax rate increased from 26.4% in 2023 to 26.8% in 2024, attributed to an increase in income before taxes[148] - The company reported a non-GAAP effective tax rate of 26.8% for both 2024 and 2023, and 25.8% for 2022[209] Investment Valuation - The fair value of equity investments as of December 31, 2024, was $79,207,519,000, with a hypothetical 10% increase bringing it to $87,128,271,000, and a decrease to $71,286,767,000[218] - The fair value of fixed income investments as of December 31, 2024, was $80,545,462,000, with a hypothetical 10% increase resulting in $88,600,008,000, and a decrease to $72,490,916,000[218] - Total fair value of investments as of December 31, 2024, was $159,752,981,000, with a hypothetical 10% increase leading to $175,728,279,000, and a decrease to $143,777,683,000[218] Operational Insights - The company emphasizes the importance of understanding core operating results by adjusting for non-GAAP items, which helps improve comparability across periods[210] - The company consolidates all subsidiaries and certain investments where it has a controlling interest, which is determined based on ownership and contractual involvement[211]