Diamond Hill Investment Group Inc. reported unaudited results for the quarter and nine months ended September 30, 2009. Revenue decreased 15% to $11.4 million for the third quarter of 2009 compared to the third quarter of 2008. Net income for the quarter was $3.20 million, or $1.23 per diluted share, compared to net income of $1.22 million or $0.50 per diluted share, in the third quarter of 2008. The primary contributor to the increase in net income was a positive investment return of $2.06 million, or $0.79 per diluted share, in the quarter. For the quarter, the company reported net operating income of $2.84 million compared to net operating income of $4.2 million for the same period a year ago. For the nine months, the company reported revenues of $29.8 million and net operating income of $7.5 million and net income of $7.8 million or $3.05 per diluted share compared to revenues of $36.6 million and net operating income of $11.8 million and net income of $4.9 million or $2.08 per diluted share for the same period a year ago.

Diamond Hill Investment Group Inc. announced that its board of directors has approved a $10.00 per share cash dividend to shareholders of record on December 1, 2009 payable December 15, 2009.

Diamond Hill Investment Group Inc. reported unaudited results for the second quarter and six months ended June 30, 2009. Revenue decreased 23% to $9.6 million for the second quarter of 2009 compared to $12.40 million for the second quarter of 2008. Net income for the quarter was $4.32 million or $1.66 per diluted share compared to net income of $1.78 million or $0.73 per diluted share in the second quarter of 2008. The primary contributor to the increase in net income was a positive investment return of $4.03 million or $1.55 per diluted share in the quarter. Net operating income was $2.53 million against $4.06 million for the same period in the last year. Net operating income after tax, non-GAAP basis was $1.66 million or $0.64 per diluted share against $2.65 million or $1.08 per diluted share for the same period in the last year. Net income for the quarter was $4.67 million or $1.82 per diluted share on revenue of $18.48 million compared to net income of $3.77 million or $1.55 per diluted share on revenue of $23.30 million in the second quarter of 2008. Net operating income was $4.67 million against $3.77 million for the same period in the last year. Tangible book value per share as of June 30, 2009 was $15.88 against $21.89 as of June 30, 2008. Net operating income after tax, non-GAAP basis was $3.06 million or $1.20 per diluted share against $4.86 million or $2.00 per diluted share for the same period in the last year.