Diamond Hill Investment Group (NASDAQ:DHIL) Announces Quarterly Earnings Results

Diamond Hill Investment Group (NASDAQ:DHIL) posted its quarterly earnings data on Wednesday. The asset manager reported $3.66 EPS for the quarter, Zacks reports. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Stock Down 0.8 %

Shares of Diamond Hill Investment Group stock traded down $1.21 during trading hours on Wednesday, reaching $145.97. 11,794 shares of the company’s stock were exchanged, compared to its average volume of 13,878. The business has a fifty day moving average of $149.88 and a two-hundred day moving average of $156.14. The company has a market capitalization of $397.48 million, a P/E ratio of 8.27 and a beta of 1.02. Diamond Hill Investment Group has a 1 year low of $135.44 and a 1 year high of $173.25.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

Insider Transactions at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the completion of the transaction, the director now owns 9,387 shares in the company, valued at $1,429,170.75. This represents a 11.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Company Profile

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.