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COLUMBUS, Ohio, April 27, 2021 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) today reported unaudited financial results for the first quarter of 2021.
The following are selected highlights for the quarter ended March 31, 2021:
Assets under management ("AUM") were $30.6 billion compared with $26.4 billion as of December 31, 2020, and $17.5 billion as of March 31, 2020.
Average AUM was $28.2 billion compared with $20.8 billion during the first quarter of 2020.
Net client inflows were $1.7 billion, compared with $0.3 billion of net inflows for the same period in 2020.
Revenue was $39.0 million, compared to $31.9 million in the first quarter of 2020.
Operating profit margin was 35% versus 64% for the first quarter of 2020. Operating profit margin, as adjusted