Diamond Hill Investment Group, Inc. reported its Q4 2020 financial results, showing an increase in net income attributable to common shareholders to $14.364 million, up 7% from $13.414 million in the same period of the previous year. Earnings per share attributable to common shareholders also increased to $4.54, a 14% rise from $3.99 in the prior year. The company's assets under management reached $26.4 billion, driven by net client inflows and market appreciation.
Assets under management were $26.4 billion, driven by net client inflows and market appreciation.
Net client inflows were more than $900 million in the fourth quarter.
Revenue was $35.037 million, a slight decrease of 2% compared to the same quarter in the previous year.
The company paid a quarterly cash dividend of $1.00 per share.
Diamond Hill is expanding capabilities and developing new, long-term oriented investment offerings that meet client objectives and align with its investment principles.
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