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Dec 31, 2023
Diamond Hill Q4 2023 Earnings Report
Diamond Hill's Q4 2023 earnings were impacted by lower average assets under management/advisement, and outflows from U.S. equity strategies, offset in part by inflows into fixed income offerings.
Key Takeaways
Diamond Hill Investment Group reported a decrease in revenue and net operating income for Q4 2023 compared to Q4 2022, while net income attributable to common shareholders also decreased. The company's AUM and AUA combined was $29.2 billion. Despite challenges, the company ended the year in a stronger position, with growth in fixed income improving business diversification.
Assets under management and advisement totaled $29.2 billion.
Net client outflows were $494.0 million.
Revenue was $33.821 million, a 3% decrease year-over-year.
The board approved a regular quarterly cash dividend of $1.50 per common share.
Forward Guidance
The company may make forward-looking statements regarding anticipated operating results, prospects and levels of assets under management, technological developments, economic trends (including interest rates and market volatility), expected transactions and similar matters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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