Financial Performance - Revenue for Q3 2024 was $39.0 million, a 10% increase from $35.6 million in Q3 2023[5] - Net income attributable to common shareholders was $14.6 million, compared to $6.5 million in Q3 2023, representing a 126% increase[5] - Earnings per share attributable to common shareholders - diluted was $5.35, up 143% from $2.20 in Q3 2023[5] - For the three months ended September 30, 2023, the net income attributable to common shareholders was $6,473,000, with earnings per share of $2.20, reflecting a net operating profit margin of 35%[12] - For the nine months ended September 30, 2024, the GAAP basis net income was $35,786,000, with earnings per share of $12.90 and a net operating profit margin of 27%[12] - The adjusted non-GAAP basis for the nine months ended September 30, 2023, showed a net income of $23,841,000, with earnings per share of $8.01 and a net operating profit margin of 32%[12] Assets and Management - Total assets under management (AUM) and assets under advisement (AUA) reached $33.2 billion, up from $29.2 billion as of December 31, 2023, and $26.6 billion as of September 30, 2023[2] - Total fixed income assets reached $5.5 billion in Q3 2024, reflecting the launch of new investment strategies[2] Client Activity - The company reported net client outflows of $22.0 million, significantly improved from $343.0 million in net outflows for Q3 2023[2] Investment Income - Investment income was $9.7 million, compared to an investment loss of $4.6 million in Q3 2023[2] Shareholder Returns - The company returned approximately $7.5 million to shareholders, including $3.4 million through share repurchases and $4.1 million in dividends[2] - The board approved a quarterly cash dividend of $1.50 per common share, payable on December 6, 2024[3] - A new share repurchase plan was authorized, allowing for the repurchase of up to $50 million in common shares[4] Operating Expenses - The total operating expenses for the same period were $23,193,000, while the net operating income was $12,361,000[12] - The total operating expenses for the nine months ended September 30, 2023, were $71,806,000, with a net operating income of $31,089,000[12] - The company adjusted for deferred compensation liability, which impacted the net operating income by $(4,571,000) for the nine months ended September 30, 2024[12] Tax and Non-Operating Income - The non-GAAP effective tax rates were 26.4% for the three months ended September 30, 2024, and 28.0% for the three months ended September 30, 2023[13] - The company reported total nonoperating income (loss) of $(4,637,000) for the three months ended September 30, 2023[12] Forward-Looking Statements - Forward-looking statements include expectations regarding operating results, AUM levels, and technological developments, but are subject to various risks and uncertainties[15] Non-GAAP Measures - The company emphasizes that non-GAAP financial measures should not be considered alone or as a substitute for GAAP financial information[14]

Revenue and Growth - Total revenue for the three months ended June 30, 2024, was $36.7 million, compared to $33.4 million for the same period in 2023, representing an increase of approximately 9.5%[36] - Revenue from investment advisory services for the six months ended June 30, 2024, was $69.2 million, up from $63.5 million in the same period of 2023, reflecting a growth of about 8.5%[37] - Total revenue for the three months ended June 30, 2024, increased by $3.3 million, or 10%, compared to the same period in 2023, primarily due to a 16% increase in average AUM and AUA[98] - Total revenue for the six months ended June 30, 2024, increased by $5.6 million, or 8%, compared to the same period in 2023, primarily due to a 13% increase in total average AUM and AUA[108] Assets Under Management (AUM) - Total Assets Under Management (AUM) increased to $29.291 billion as of June 30, 2024, representing a 12% increase from $26.066 billion in June 2023[84] - The average AUM during the three months ended June 30, 2024, was $29.206 billion, compared to $25.056 billion in the same period of 2023[91] - The Company’s AUM by product showed a 90% increase in Collective Investment Trusts, rising from $975 million in June 2023 to $1.857 billion in June 2024[84] - Fixed Income AUM increased by 69% to $4.873 billion, driven by significant inflows into the Short Duration Securitized Bond and Core Fixed Income strategies[89] - The Large Cap strategy AUM increased to $17.917 billion, a 6% rise from $16.834 billion in June 2023[88] - The Company noted a 106% increase in International Equity AUM, growing from $65 million to $134 million[87] Financial Performance - Net operating income for the three months ended June 30, 2024, was $12.1 million, a 56% increase from $7.8 million in the same period in 2023[97] - Net income attributable to common shareholders for the three months ended June 30, 2024, was $8.1 million ($2.93 per diluted share), down from $9.4 million ($3.18 per diluted share) in the same period in 2023[100] - The company reported a net operating income of $12,133,000 for the three months ended June 30, 2024, compared to $7,786,000 for the same period in 2023, marking an increase of approximately 56%[131] - Net income attributable to common shareholders for the six months ended June 30, 2024, was $21.1 million ($7.57 per diluted share), compared to $22.1 million ($7.39 per diluted share) in the same period in 2023[109] Expenses and Costs - Total operating expenses for the three months ended June 30, 2024, were $24,529,000, compared to $25,564,000 for the same period in 2023, reflecting a decrease of approximately 4%[131] - Total operating expenses for the six months ended June 30, 2024, were $52,521,000, compared to $48,613,000 for the same period in 2023, reflecting an increase of approximately 8%[132] - Employee compensation and related costs (excluding deferred compensation) increased by $2.7 million, or 8%, to $36.5 million for the six months ended June 30, 2024[113] - General and administrative expenses increased by $1.3 million, or 18%, to $8.4 million, driven by technology support and research management system improvements[115] Investment Performance - The Company reported realized gains of $631,300 for the three months ended June 30, 2024, compared to a loss of $12,598 for the same period in 2023[53] - The company experienced $0.7 million in investment losses for the three months ended June 30, 2024, compared to $6.3 million in investment income for the same period in 2023[100] - The Company recorded a net investment income loss of $(654,591) for the three months ended June 30, 2024, compared to a gain of $6,276,708 for the same period in 2023[53] Shareholder Returns - The Company approved a quarterly cash dividend of $1.50 per share, expected to reduce shareholders' equity by approximately $4.1 million[75] - The company expects to pay a regular quarterly dividend of $1.50 per share, totaling $8.4 million for the first two quarters of 2024[120] - The company repurchased 120,049 common shares for a total of $18.4 million during the six months ended June 30, 2024[119] Tax and Regulatory Matters - The effective income tax rate for the six months ended June 30, 2024, was 27.5%, compared to 26.6% for the same period in 2023[68] - The effective tax rate for the three months ended June 30, 2024, was 29.2%, consistent with the same rate for the three months ended June 30, 2023[134] - The Company did not recognize any interest and penalties related to tax uncertainties during the six months ended June 30, 2024[70] Cash Flow and Liquidity - Net cash provided by operating activities was $6.9 million for the six months ended June 30, 2024, primarily driven by net income of $21.1 million[124] - Cash and cash equivalents, investments, and accounts receivable totaled $164.2 million as of June 30, 2024, compared to $181.8 million as of December 31, 2023[117] - The Company did not borrow under its $25 million line of credit during the six months ended June 30, 2024, and had no outstanding borrowings as of that date[57] Accounting and Estimates - The Company has maintained its critical accounting estimates with no material changes during the quarter ended June 30, 2024[136] - The Company recognizes revenue when performance obligations are satisfied under client contracts, with investment advisory fees recorded as services are performed[35]

Company Overview - Diamond Hill Investment Group Inc. has appointed Gordon Fowler as a Director, who will serve on the Audit Committee, Compensation Committee, and Nominating and Governance Committee [3] - As of June 30, 2024, Diamond Hill's assets under management and assets under advisement totaled $31.1 billion [5] Leadership Experience - Gordon Fowler brings over 40 years of experience in the financial services industry, including a 20-year tenure at Glenmede Corporation where he served as CEO and President [1] - Fowler has held various roles at J.P. Morgan Chase, culminating in the position of Chief Investment Officer of the J.P. Morgan Private Bank [1][2] Investment Philosophy - Diamond Hill emphasizes a valuation-driven investment philosophy, long-term perspective, capacity discipline, and client alignment [5] - Fowler expressed alignment with Diamond Hill's investment philosophy and commitment to client experience, aiming to strengthen the firm's position in active management [4][5]

RBFried/E+ via Getty Images Warren Buffett once said that, "We are a net buyer of stocks over time. Just like being a net buyer of food. I expect to buy food for the rest of my life and I hope that food prices go down tomorrow." Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) is an opportunity for long-term net buyers of stocks to invest in a business that has been chronically undervalued for years and that will continue to be undervalued. Diamond Hill has a simple business model, generates large amounts ...

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, 2024 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: Lara Hoffmans—Managing Director-Marketing 614-255-5550 (lhoffmans@diamond-hill.com) DIAMOND HILL INVESTMENT GROUP, INC. REPORTS RESULTS FOR FIRST QUARTER 2024 AND DECLARES QUARTERLY DIVIDEND COLUMBUS, Ohio - May 8, 2024 -- Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported unaudited financial results for the first quarter of 2024. The following are selected highlights for the quarter ended March 31, 2024: "Long-term investment performance has continued to improve across ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Indicate by check ...

COLUMBUS, OHIO - February 29, 2024 - Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported results for the fourth quarter of 2023 and the year ended December 31, 2023. The Company derives its consolidated revenue and net income from investment advisory and fund administration services provided by its subsidiary, Diamond Hill Capital Management, Inc. FOR IMMEDIATE RELEASE: Investor Contact: Tom Line—Chief Financial Officer 614-255-5989 (tline@diamond-hill.com) Media Contact: Lara Hoffmans—Managin ...

Washington, D.C. 20549 United States Securities and Exchange Commission 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 September 30, 2023 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) Oh ...

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, 2023 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 ...