Diamond Hill Investment Group (NASDAQ:DHIL) Releases Earnings Results

Diamond Hill Investment Group (NASDAQ:DHIL) released its quarterly earnings data on Wednesday. The asset manager reported $3.66 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $39.12 million during the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.

Diamond Hill Investment Group Trading Up 0.2 %

Shares of NASDAQ DHIL traded up $0.28 during mid-day trading on Friday, reaching $145.49. The company had a trading volume of 3,687 shares, compared to its average volume of 13,805. The firm has a 50 day simple moving average of $149.69 and a two-hundred day simple moving average of $155.99. Diamond Hill Investment Group has a 52-week low of $135.44 and a 52-week high of $173.25. The stock has a market cap of $396.17 million, a P/E ratio of 8.22 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. Diamond Hill Investment Group’s dividend payout ratio is presently 38.39%.

Insider Activity at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley bought 1,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were acquired 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 of the company’s stock, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.