DIAMOND HILL INVESTMENT GROUP INC: The Final Chapter

Big news for anyone following Diamond Hill Investment Group (DHIL): the company has officially been acquired. If you’ve been tracking this stock, the waiting period is over.

1. What happened?

First Eagle Investments has bought Diamond Hill Investment Group. As of April 22, 2026, the merger is complete. Diamond Hill is no longer an independent, publicly traded company; it is now a wholly-owned subsidiary of First Eagle.

2. What does this mean for shareholders?

If you owned Diamond Hill shares, your investment converted into the right to receive $175.00 per share in cash.

Because the company was bought out, it no longer trades on the Nasdaq. You cannot buy or sell DHIL stock, as it was removed from the exchange immediately after the merger. The company also stopped filing public reports with the SEC, so you will no longer receive annual or quarterly earnings updates.

3. Why did this happen?

First Eagle made this move to grow its investment platform. By acquiring Diamond Hill, First Eagle expands its reach in bonds and U.S. stock strategies. They are combining forces to manage more money—roughly $213 billion in total assets—and offer a wider range of services to their clients.

4. Who is affected?

• Investors: If you held the stock, your broker should have automatically converted your shares into the $175.00 cash payment. If you haven't seen this in your account, contact your brokerage firm to confirm the transaction.
• Leadership: Diamond Hill’s former CEO, Heather Brilliant, is staying on to lead the subsidiary. She is also taking on a new role as Chief Operating Officer of First Eagle, where she will oversee the combined company’s growth and technology.
• Clients: If you have money managed by Diamond Hill, the transition should be seamless. The company is keeping its Columbus, Ohio headquarters, and there are no planned changes to the investment teams, philosophy, or day-to-day management of your accounts.

5. What should you do now?

• Check your account: Ensure your brokerage account shows the cash payout of $175.00 per share. If the funds are missing, ask your broker to confirm the status of the corporate action.
• Tax considerations: Because this was a cash-out merger, you effectively sold your position. Depending on what you originally paid for the stock, this triggers a taxable event—either a capital gain or a capital loss. Consult a tax professional when you prepare your next return to report the sale of these shares.
• Move on: Since the company is no longer public, the Diamond Hill story as a tradable stock is finished. Remove the ticker from your watchlists and look for the final 1099-B tax form from your broker.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and is not professional investment advice. Always consult with a tax professional or financial advisor regarding the specific tax implications of your stock holdings.