earnings
confidence high
sentiment positive
materiality 0.65
Diamond Hill Q1 revenue up 7% to $36.3M; diluted EPS $4.62, adj. EPS $3.00; AUM/AUA $31.9B
DIAMOND HILL INVESTMENT GROUP INC
2024-Q1 EPS reported
$4.62
revenue$36,294,930
- Net income attributable to common shareholders $13.0M (+2% YoY); diluted EPS $4.62 vs $4.20.
- Combined AUM and AUA $31.9B, up from $29.2B at Dec 2023 and $26.7B a year ago.
- Net client inflows of $118M vs $84M in Q1 2023; equity outflows $378M offset by fixed income inflows $496M.
- Adjusted net operating margin 32% vs 35% YoY; GAAP operating margin 23% vs 32%.
- Quarterly dividend of $1.50/share declared, payable June 14, 2024 to holders of record June 3, 2024.