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Diamond Hill Investment Group, Inc. Reports Results For First Quarter 2021


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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 ....

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Diamond Hill Investment Group: Q1 Earnings Snapshot


Diamond Hill Investment Group: Q1 Earnings Snapshot
April 27, 2021 GMT
COLUMBUS, Ohio (AP) Diamond Hill Investment Group Inc. (DHIL) on Tuesday reported first-quarter net income of $13.7 million.
The Columbus, Ohio-based company said it had earnings of $4.34 per share. Earnings, adjusted for non-recurring gains, came to $3.87 per share.
The investment company posted revenue of $39 million in the period. Its revenue net of interest expense was $39 million, beating Street forecasts.
Diamond Hill Investment Group shares have climbed 8.5% since the beginning of the year. The stock has risen 58% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHIL at https://www.zacks.com/ap/DHIL ....

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