Diamond Hill Investment Group, Inc. last week reported net income of $3.20 million, or $1.23 per diluted share, for the quarter ending 9/30/09. These results were up strongly from the $1.22 million, or $0.50 per diluted share, reported in the same quarter of 2008.
The management of Diamond Hill Investment Group, Inc. attributed the results to a positive investment return of $2.0 million during the quarter. Ric Dillon, the President, said, “Our primary business objective is to fulfill our fiduciary responsibility to our clients by achieving excellent long term investment returns. I am pleased that our strategies have generally outperformed their benchmarks over the past five years.”
Diamond Hill Investment Group, Inc. reported assets under management (AUM) of $5.489 billion, down 1% from the $5.548 billion one year earlier. Revenues were reported at $11.3 million in the quarter, down 15% from last year.
Diamond Hill Investment Group, Inc. offers investment management services to institutions and others who share the goal of preserving and building capital. The firm product selection includes mutual funds, separate accounts and private investment funds.