NASDAQ$DHIL
Diamond Hill Investment Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Diamond Hill's Q2 2023 results were impacted by lower average assets under management and advisement, but strong markets and improved long-term performance helped deliver improvement by quarter end.
Diamond Hill Investment Group reported net income attributable to common shareholders of $9.4 million, or $3.18 per diluted share, compared to $4.4 million, or $1.40 per diluted share, for the second quarter of 2022. Revenue was $33.4 million, compared to $39.0 million for the second quarter of 2022. Average AUM and AUA combined were $26.8 billion, compared to $30.1 billion for the second quarter of 2022.
- Assets under management and assets under advisement combined were $27.9 billion as of June 30, 2023, compared to $27.6 billion as of June 30, 2022.
- Net client outflows were $103.0 million, compared to $515.0 million of net outflows for the second quarter of 2022.
- Operating profit margin was 23%, compared to 52% for the second quarter of 2022.
- The Company returned $14.7 million to shareholders - $10.3 million through the repurchase of 62,584 shares and $4.4 million through a quarterly cash dividend of $1.50 per share.
Headline financials
Revenue & EPS history
Diamond Hill · Revenue · Quarterly
$33.4M
Forward guidance
The Company may make forward-looking statements, and readers are cautioned not to place undue reliance on them.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.4%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+9.8%
Q4 2021
Best reaction
-6.9%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.2% | +0.8% | +0.5% | |
| Q3 2025 | -2.4% | -2.2% | -9.3% | |
| Q2 2025 | -3.4% | -6.3% | -2.9% | |
| Q1 2025 | -2.9% | +4.7% | +8.9% | |
| Q4 2024 | -0.5% | +1.0% | -1.1% | |
| Q3 2024 | +1.8% | +9.7% | +8.5% | |
| Q2 2024 | -3.5% | -9.7% | -3.2% | |
| Q1 2024 | +5.5% | +2.9% | -1.3% | |
| Q4 2023 | +3.1% | +3.3% | +4.7% | |
| Q3 2023 | -5.2% | -2.3% | +3.0% | |
| Q2 2023 | -2.2% | -2.2% | -5.1% | |
| Q1 2023 | -0.2% | +0.4% | +8.9% | |
| Q4 2022 | -5.6% | -6.5% | -13.4% | |
| Q3 2022 | -1.1% | -0.3% | +1.9% | |
| Q2 2022 | -2.5% | -3.9% | -12.6% | |
| Q1 2022 | -5.0% | -6.7% | -0.8% | |
| Q4 2021 | +9.8% | +17.1% | +6.2% | |
| Q3 2021 | +4.3% | +10.7% | +18.0% | |
| Q2 2021 | +4.9% | +6.1% | +11.9% | |
| Q1 2021 | +4.9% | +7.3% | +9.6% | |
| Q4 2020 | -5.4% | +0.3% | +7.8% | |
| Q3 2020 | +1.1% | -1.2% | +4.6% | |
| Q2 2020 | -1.6% | +3.9% | +5.9% | |
| Q1 2020 | +5.6% | +3.2% | +8.0% | |
| Q4 2019 | -4.9% | -5.4% | -37.5% | |
| Q3 2019 | +3.7% | +7.7% | +8.7% | |
| Q2 2019 | -1.7% | -2.0% | -2.0% | |
| Q1 2019 | +0.0% | +1.7% | -0.7% | |
| Q4 2018 | -6.9% | -8.7% | -14.2% | |
| Q3 2018 | +2.5% | +1.5% | +4.1% | |
| Q2 2018 | +0.1% | -1.7% | -2.7% | |
| Q1 2018 | -2.9% | -1.7% | +1.6% | |
| Q4 2017 | -2.2% | -1.6% | -6.5% | |
| Q3 2017 | +3.4% | +0.6% | +1.5% | |
| Q2 2017 | -0.6% | +0.1% | -4.2% | |
| Q1 2017 | +3.0% | +1.9% | +1.6% | |
| Q4 2016 | -2.5% | -3.4% | -8.4% | |
| Q3 2016 | -2.9% | -0.8% | +15.4% | |
| Q2 2016 | -0.3% | +2.4% | -0.5% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | +2.2% | — | — | |
| Q4 2014 | +1.2% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +1.7% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +1.8% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | +5.0% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q3 2011 | -6.0% | — | — | |
| Q3 2010 | -6.0% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q1 2010 | -1.9% | — | — |
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