Diamond Hill Investment Group reported a solid first quarter in 2024, with a rise in assets under management and advisement to $31.9 billion. The company saw net client inflows of $118.0 million and revenue increased to $36.3 million. Net income attributable to common shareholders was $13.0 million, resulting in diluted earnings per share of $4.62.
Assets under management and advisement reached $31.9 billion, up from $29.2 billion at the end of the previous quarter.
Net client inflows totaled $118.0 million, an increase compared to $84.0 million in the same quarter last year.
Revenue increased to $36.3 million, a 7% increase year-over-year.
Earnings per share attributable to common shareholders - diluted was $4.62, compared to $4.20 for the first quarter of 2023.
The company did not provide specific forward guidance in this earnings report.
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