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EX - 99.1 2 dhil - 20210630xexx991.htm EX - 99.1 FOR IMMEDIATE RELEASE : COLUMBUS , Ohio - July 28 , 2021 results for the second quarter of 2021 . -- Q DIAMOND HILL GROUP INVESTMENT DIAMOND HILL INVESTMENT GROUP , INC . REPORTS RESULTS FOR SECOND QUARTER 2021 Dividend : 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. ( NASDAQ : DHIL ) today reported unaudited financial The following are selected highlights for the quarter ended June 30 , 2021 : Assets under management ( " AUM " ) were $ 32.4 billion compared to $ 30.6 billion as of March 31 , 2021 , and $ 20.6 billion as of June 30 , 2020 . Average AUM was $ 32.1 billion compared to $ 19.7 billion during the second quarter of 2020 . Net client inflows were $ 550 million , compared to $ 231 million of net inflows for the same period in 2020. Net inflows into our fixed income strategies were $ 485 million and net inflows into our equity strategies were $ 65 million . Revenue was $ 45.1 million , compared to $ 28.2 million in the second quarter of 2020 . Operating profit margin was 39 % compared to 25 % for the second quarter of 2020. Operating profit margin , as adjustedᵒ , was 43 % compared to 38 % for the second quarter of 2020 . Investment income was $ 5.9 million compared to investment income of $ 11.6 million for the the second quarter of 2020 . Net income attributable to common shareholders was $ 16.9 million compared to $ 12.2 million during the second quarter of 2020 . Earnings per share attributable to common shareholders - diluted was $ 5.28 compared to $ 3.79 in the second quarter of 2020 . The Company returned a total of $ 3.2 million to its shareholders via a $ 1.00 per share dividend . Total cash and corporate investments held directly by Diamond Hill Capital Management , Inc. were $ 198.4 million , or $ 61.86 per share . Selected Income Statement Data ( in thousands , except per share figures and percentages ) " Our business results improved in Q2 relative to last year and also benefited from a strong market environment . Our AUM includes $ 3.4 billion from the Corporate Credit and High Yield Funds which we expect to move to Brandywine Global on July 30 , 2021 , " said Heather Brilliant , president and CEO . " We believe our long - term focus , capacity discipline , investment results , and alignment with investor interests positions Diamond Hill well to navigate changing market environments and compete successfully . " The Company also announced today that its board of directors has approved payment of a quarterly cash dividend of $ 1.00 per share . The dividend will be paid on September 24 , 2021 , to its shareholders of record as of September 9 , 2021 .