5.5x ex-cash P/E, 10% FCF yield, 8% dividend yield
The Diamond Hill Investment Group (DHIL) is an active asset manager, with a 20-year history, close to $18bn in AUM and a value investing philosophy. The company has a range of funds, spanning equity and fixed income securities. Our buy recommendation on the stock is predicated on its consistent fund performance, significant cash on the balance sheet, ability to generate robust free cash flows, attractive and inexpensive valuations. With the S&P 500 recovering much of its March 2020 losses and Nasdaq up 13% YTD,