Diamond Hill Investment Group reported an increase in assets under management to $32.4 billion and net client inflows of $550 million. Revenue increased to $45.1 million, with a reported net income attributable to common shareholders of $16.9 million, translating to earnings per share of $5.28.
Assets under management reached $32.4 billion, up from $30.6 billion in the previous quarter.
Net client inflows totaled $550 million, with $485 million into fixed income and $65 million into equity strategies.
Revenue increased to $45.1 million, a 60% increase compared to the second quarter of 2020.
Earnings per share attributable to common shareholders - diluted was $5.28, compared to $3.79 in the second quarter of 2020.
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