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Sep 30, 2024
Diamond Hill Q3 2024 Earnings Report
Reported results for the third quarter of 2024 and declared quarterly dividend.
Key Takeaways
Diamond Hill Investment Group reported an increase in revenue and net income attributable to common shareholders for Q3 2024 compared to Q3 2023. AUM and AUA combined increased to $33.2 billion. The company returned approximately $7.5 million to its shareholders through share repurchases and dividends.
Assets under management and assets under advisement combined were $33.2 billion, compared to $26.6 billion as of September 30, 2023.
Revenue was $39.0 million, compared to $35.6 million for the third quarter of 2023.
Net income attributable to common shareholders was $14.6 million, compared to $6.5 million for the third quarter of 2023.
Earnings per share attributable to common shareholders - diluted was $5.35, compared to $2.20 for the third quarter of 2023.
Forward Guidance
The company did not provide specific forward guidance in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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