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Dec 31, 2022
Diamond Hill Q4 2022 Earnings Report
Diamond Hill's financial results were negatively impacted by sharp market depreciation and client outflows in Q4 2022.
Key Takeaways
Diamond Hill Investment Group reported a decrease in revenue and net income for Q4 2022, primarily due to market depreciation and client outflows, while maintaining a focus on long-term investment results.
Assets under management ended the year at $24.8 billion, down from $31.0 billion year-over-year due to net client outflows and market depreciation.
Revenue for the year was $154.5 million, compared to $182.2 million in the previous year, including a decrease in performance-based fees.
Net income attributable to common shareholders was $40.4 million, a decrease from $74.2 million in the prior year.
The company returned $69.4 million to shareholders through dividends and share repurchases.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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