COLUMBUS, OH—Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), an Ohio-based investment advisory firm with a market capitalization of $455 million, disclosed its assets under management (AUM) as of November 30, 2024, in a recent 8-K filing with the Securities and Exchange Commission.
The company's AUM totaled approximately $31.56 billion, encompassing a variety of investment vehicles and strategies. According to the filing, the Diamond Hill Funds accounted for $18.92 billion of the total AUM. Separately managed accounts contributed $6.54 billion, collective investment trusts added $2.02 billion, and other pooled vehicles comprised $4.08 billion of the AUM.
The firm maintains strong financial metrics, with InvestingPro data showing an attractive P/E ratio of 9.51 and a 17-year track record of consistent dividend payments.
Investment strategies were diverse, with Large Cap strategies holding the lion's share at $19.13 billion. Other strategies included Small-Mid Cap at $2.18 billion, Mid Cap at $1.16 billion, and Long-Short at $1.76 billion. The Small Cap strategy reported $286 million in AUM, while the Select strategy reported $784 million.
Fixed income strategies were also represented, with Short Duration Securitized assets totaling $3.49 billion, Core Fixed Income at $2.38 billion, and Long Duration Treasury managing $26 million. The International strategy and Micro Cap strategy reported AUM of $141 million and $34 million, respectively.
The report does not suggest any trends or forecasts for Diamond Hill Investment Group's future performance but serves as a factual update to the market and investors regarding the company's current AUM distribution across its various funds and investment strategies.
In other recent news, Diamond Hill Investment Group Inc. disclosed its asset management figures, revealing a total of $30.582 billion in assets under management as of October 2024.
The company previously reported assets under management of $31.275 billion at the end of September and $31.344 billion for August, showing a slight decrease in assets. Diamond Hill's investment strategies continue to be diverse, with Large Cap strategies holding the majority of assets.
The company also announced the appointment of Gordon Fowler to its Board of Directors. Fowler, who has a significant career in the financial services industry, will serve on several committees.
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