Diamond Hill(US:DHIL) Prnewswireยท2025-07-29 20:10Core 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]