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Sep 30, 2022
Diamond Hill Q3 2022 Earnings Report
Diamond Hill Investment Group reported results for the third quarter of 2022.
Key Takeaways
Diamond Hill Investment Group's Q3 2022 operating results were impacted by the declining market and net outflows, particularly in the Large Cap Strategy. However, the company made progress on long-term capital return through share repurchases, with nearly $14 million in shares repurchased in Q3 and almost $36 million year-to-date. The company declared a special dividend of $4.00 per share, bringing total annual dividends to $10.00 per share.
Assets under management were $23.9 billion.
Revenue was $38.3 million.
Net income attributable to common shareholders was $12.0 million.
Earnings per share attributable to common shareholders - diluted was $3.90.
Forward Guidance
Diamond Hill did not provide specific forward guidance in this earnings report. However, they highlighted their active capital return program and commitment to returning value to shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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