UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             _______________________


                                    FORM 8-K

                                 CURRENT REPORT

                             _______________________

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):

                                  May 16, 2003


                       Diamond Hill Investment Group, Inc.
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             (Exact Name of Registrant as Specified in its Charter)


                                      Ohio
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                 (State or Other Jurisdiction of Incorporation)


        000-24498                                        65-0190407
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(Commission File Number)                    (I.R.S. Employer Identification No.)


    375 North Front Street, Suite 300, Columbus, Ohio              43215
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       (Address of Principal Executive Offices)                  (Zip Code)


Registrant's Telephone Number, Including Area Code:            (614) 255-3333


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          (Former Name or Former Address, if Changed Since Last Report)




Item 12.  Results of Operations and Financial Condition
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          The following exhibit is included with this Report:

          Exhibit 99.1   Press release,  dated May 16, 2003, announcing earnings
                         of Diamond Hill  Investment  Group,  Inc. for the three
                         months ended March 31, 2003.


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        DIAMOND HILL INVESTMENT GROUP, INC.


Date:  May 19, 2003                     By: /s/ James F. Laird
                                            ------------------------------------
                                            James F. Laird, Chief Financial
                                            Officer and Secretary