Loading...
•
Mar 31, 2020
Diamond Hill Q1 2020 Earnings Report
Diamond Hill's financial results for Q1 2020 were released, revealing a decrease in net income and EPS due to investment losses from COVID-19 market effects, though net inflows into equity and fixed income strategies increased.
Key Takeaways
Diamond Hill Investment Group reported a decrease in net income and earnings per share for Q1 2020, primarily due to investment losses caused by lower market valuations resulting from the COVID-19 pandemic. However, the company saw net inflows into equity and fixed income strategies.
Assets under management decreased to $17.5 billion due to lower market valuations from COVID-19.
Net inflows into equity and fixed income strategies totaled $251 million.
Revenue was $31.9 million, slightly down from $32.6 million in Q1 2019.
Net income attributable to common shareholders decreased to $1.5 million from $16.9 million in Q1 2019.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...