Diamond Hill Investment Group, Inc. last week reported net income of $3.20 million, or $1.23 per diluted share, for the quarter ending 9/30/09. These results were up strongly from the $1.22 million, or $0.50 per diluted share, reported in the same quarter of 2008.

The management of Diamond Hill Investment Group, Inc. attributed the results to a positive investment return of $2.0 million during the quarter. Ric Dillon, the President, said, “Our primary business objective is to fulfill our fiduciary responsibility to our clients by achieving excellent long term investment returns. I am pleased that our strategies have generally outperformed their benchmarks over the past five years.”

Diamond Hill Investment Group, Inc. reported assets under management (AUM) of $5.489 billion, down 1% from the $5.548 billion one year earlier. Revenues were reported at $11.3 million in the quarter, down 15% from last year.

Diamond Hill Investment Group, Inc. offers