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EX - 99.12 dhil - 20210331xexx991.htm EX - 99.1 FOR IMMEDIATE RELEASE : ● ● ● Q COLUMBUS , Ohio - Apr. 26 , 2021 -- Diamond Hill Investment Group , Inc. ( NASDAQ : DHIL ) today reported unaudited financial results for the first quarter of 2021 . ● DIAMOND HILL INVESTMENT GROUP The following are selected highlights for the quarter ended March 31 , 2021 : Assets under management ( " AUM " ) were $ 30.6 billion compared with $ 26.4 billion as of December 31 , 2020 , and $ 17.5 billion as of March 31 , 2020 . Investor Contact : Tom Line Chief Financial Officer 614-255-5989 ( tline@diamond-hill.com ) Media Contact : Lara Hoffmans Managing Director - Marketing 614-255-5550 ( lhoffmans@diamond-hill.com ) DIAMOND HILL INVESTMENT GROUP , INC . REPORTS RESULTS FOR FIRST QUARTER 2021 Average AUM was $ 28.2 billion compared with $ 20.8 billion during the first quarter of 2020 . Net client inflows were $ 1.7 billion , compared with $ 0.3 billion of net inflows for the same period in 2020 . Revenue was $ 39.0 million , compared to $ 31.9 million in the first quarter of 2020 . Operating profit margin was 35 % versus 64 % for the first quarter of 2020. Operating profit margin , as adju 39 % for the first quarter of 2020 . Dividend : was 43 % versus Investment income was $ 5.7 million for the three months ended March 31 , 2021 , compared with investment losses of $ 22.4 million for the three months ended March 31 , 2020 . Net income attributable to common shareholders was $ 13.7 million , up from $ 1.5 million during the first quarter of 2020 primarily because of increased revenue in 2021 , and the significant investment losses in 2020 . Earnings per share attributable to common shareholders - diluted was $ 4.34 . The Company returned a total of $ 5.0 million to its shareholders . The Company paid a $ 1.00 per share dividend totaling $ 3.1 million and repurchased outstanding shares totaling $ 1.9 million . Total cash and corporate investments held directly by Diamond Hill Capital Management , Inc. were $ 177.3 million , or $ 55.46 per share . " Capacity discipline and client alignment are part of our firm's identity . In Q1 , we announced plans to close our Large Cap Strategy to most new investors , ” said Heather Brilliant , president and CEO . “ The strategy's strong , long - term performance combined with our disciplined approach has contributed to solid investor demand distinguishing it in a category that has struggled . Our aim is always to prioritize existing clients by closing strategies before they reach a size that could limit our portfolio managers ' ability to deliver great results . " On Tuesday , May 4 , representatives from the management team will conduct its annual shareholder presentation , commenting on strategy , financial results and investment performance . Registration details can be found at ir.diamond-hill.com . In advance of the meeting , shareholders and other interested parties can submit questions , by April 30 , to ir@diamond-hill.com .