bogiedreamer,
If your bisected circle has an arrow or line pointing at something, it is either a datum target, or an assembly item number.
A datum target will have a letter and number in the lower half, such as A1, A2, A3, B1, B2... The top half of the circle might contain a diameter specification. You will have to read a GD&T reference like ASME Y14.5M-1994. I would not want to have to explain this in text. We do have a GD&T forum.
On assembly drawings, some people want to include the part quantity as well as the item number. The top number is an item number corresponding to a line on a BOM. The bottom number is the quantity of parts required. This is supported by CAD software like SolidWorks. I do not know what drafting standard calls this up.
If it does not conform to either of the above descriptions, then it is something else, and hopefully, someone else can help you.
JHG