Diamond Hill Capital Management
, a Columbus, Ohio-based investment manager that focuses on active management for both institutions and individuals, suffered drops in AUM and average fee rates year-over-year.
| Heather E. Brilliant|
Diamond Hill Investment Group, Inc.
Incoming President and CEO
The team at Diamond Hill Capital Management
releases their Q3 2019 earnings report. This is their first since Heather Brilliant took over as CEO in September.
In Diamond Hill's earnings release
, the team reports a Q3 2019 ending AUM of $22.2 billion, down 1.7 percent from $22.6 billion at the end of Q3 2018.
In their 10-Q filing
, we can see total revenue was at $34.59 million for Q3 2019, down 7.68 percent from $37.47 million for Q3 2018. Within the 10-Q, Diamond Hill team notes that the revenue drop is "primarily due to a decrease in average AUM and a decrease in the average advisory fee rate."
Overall, Diamond Hill Investment Group reports
Q3 GAAP EPS of $3.35, and revenue of $34.59M, down 7.7 percent year on year.
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