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

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

Diamond Hill Investment Group Trading Down 0.8 %

Shares of Diamond Hill Investment Group stock opened at $145.97 on Thursday. The company’s fifty day simple moving average is $149.79 and its two-hundred day simple moving average is $156.07. The company has a market cap of $397.48 million, a P/E ratio of 8.27 and a beta of 1.02. Diamond Hill Investment Group has a 12-month low of $135.44 and a 12-month high of $173.25.

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 1,000 shares of Diamond Hill Investment Group stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $152.25 per share, with a total value of $152,250.00. Following the transaction, the director now directly owns 9,387 shares of the company’s stock, valued at $1,429,170.75. This represents a 11.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.