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Mar 31, 2024
Diamond Hill Q1 2024 Earnings Report
Diamond Hill reported an increase in revenue and net income for Q1 2024, driven by improved investment performance and client interest.
Key Takeaways
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.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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