U.S. Markets open in 7 hrs 3 mins

Diamond Hill Investment Group: 4Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ Diamond Hill Investment Group Inc. (DHIL) on Thursday reported fourth-quarter profit of $4.8 million.

The Columbus, Ohio-based company said it had earnings of $1.37 per share. Earnings, adjusted for non-recurring costs, came to $2.78 per share.

The investment company posted revenue of $34.4 million in the period. Its revenue net of interest expense was $34.4 million, surpassing Street forecasts.

For the year, the company reported profit of $47.4 million, or $13.48 per share. Revenue was reported as $145.6 million.

Diamond Hill Investment Group shares have climbed roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $154.85, a decrease of 27 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHIL at https://www.zacks.com/ap/DHIL