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

Diamond Hill Investment Group (NASDAQ:DHIL) issued its quarterly earnings results on Wednesday. The asset manager reported $3.66 earnings per share 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 NASDAQ DHIL traded down $1.21 during midday trading on Wednesday, reaching $145.97. 11,794 shares of the stock were exchanged, compared to its average volume of 13,878. The firm has a market cap of $397.48 million, a price-to-earnings ratio of 8.27 and a beta of 1.02. The firm has a 50-day simple moving average of $149.88 and a two-hundred day simple moving average of $156.14. Diamond Hill Investment Group has a twelve month low of $135.44 and a twelve month high of $173.25.

Insider Activity at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were bought 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note 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.