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Sep 30, 2023
Diamond Hill Q3 2023 Earnings Report
Reported a decrease in revenue and net income compared to the same quarter last year.
Key Takeaways
Diamond Hill Investment Group reported a decrease in revenue and net income for Q3 2023. Revenue was $35.6 million, a 7% decrease from Q3 2022. Net income attributable to common shareholders was $6.5 million, a 46% decrease from Q3 2022. The company's AUM and AUA combined was $26.6 billion.
AUM and AUA combined was $26.6 billion.
Net client outflows were $343.0 million.
Revenue was $35.6 million.
Operating profit margin was 35%.
Forward Guidance
Diamond Hill decided not to issue a special dividend this year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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