Wed, Feb 26, 9:29 PM (58 days ago)
**Diamond Hill Investment Group, Inc. (DHIL) Financial Summary for Fiscal Year 2024** For the fiscal year ending December 31, 2024, Diamond Hill Investment Group, Inc. reported total revenue of $151,095, a 11% increase from 2023, driven by a 16% rise in average assets under management (AUM) and assets under advisement (AUA). Net income attributable to common shareholders was $43,178, or $15.66 per diluted share, reflecting a 2% increase year-over-year. Operating expenses rose to $107,203, primarily due to compensation costs, resulting in a net operating profit margin of 29%. The company’s AUM grew to $30,012 million, with significant contributions from proprietary funds and fixed income strategies. However, net cash outflows of $289 million were noted, primarily from equity strategies. The competitive landscape remains challenging, with a trend towards lower fee structures impacting revenue. Looking ahead, DHIL emphasizes client alignment and long-term investment strategies. Risks include market volatility, regulatory changes, and competition from passive investment products. The company maintains a strong liquidity position with $41.6 million in cash and equivalents, supporting ongoing operations and potential share repurchase programs. The Board approved a quarterly dividend of $1.50 per share, continuing a 17-year dividend payment history.