Diamond Hill Investment Group reported a strong first quarter in 2021, with significant increases in revenue, net income, and earnings per share compared to the same period in 2020. AUM increased to $30.6 billion, driven by net client inflows and market appreciation.
Assets under management reached $30.6 billion, up from $26.4 billion at the end of 2020.
Net client inflows were $1.7 billion, significantly higher than the $0.3 billion in the first quarter of 2020.
Revenue increased to $39.0 million, compared to $31.9 million in the first quarter of 2020.
Net income attributable to common shareholders rose to $13.7 million, a substantial increase from $1.5 million in the same period last year.
Management will conduct its annual shareholder presentation on May 4th, commenting on strategy, financial results, and investment performance.
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