Diamond Hill Investment Group (DHIL) recently reported first quarter earnings for 2020. The company attributed lower valuations and investment losses to the global COVID-19 pandemic. President and CEO Heather Brilliant acknowledged that “investment performance was adversely affected amid the severe market disruptions that occurred toward the end of the first quarter.” With uncertainty over how long the economic crisis will continue, the company declined to estimate future results.
While Diamond Hill Investment Group recently enjoyed upward trending in the market, with share prices up 23% over the past month, its performance is underwhelming