Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) issued its quarterly earnings results on Wednesday. The asset manager reported $3.66 EPS for the quarter, Zacks reports. The company had revenue of $39.12 million for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.
Diamond Hill Investment Group Price Performance
Shares of DHIL traded up $0.93 during mid-day trading on Friday, hitting $146.14. The company's stock had a trading volume of 76,468 shares, compared to its average volume of 15,679. The firm has a 50-day moving average price of $149.61 and a 200 day moving average price of $156.00. The stock has a market capitalization of $397.94 million, a price-to-earnings ratio of 8.28 and a beta of 1.02. Diamond Hill Investment Group has a fifty-two week low of $135.44 and a fifty-two week high of $173.25.
Diamond Hill Investment Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group's payout ratio is 38.39%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday.
Get Our Latest Stock Analysis on Diamond Hill Investment Group
Insider Transactions at Diamond Hill Investment Group
In related news, Director Richard Scott Cooley bought 1,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $152.25 per share, for a total transaction of $152,250.00. Following the acquisition, the director now directly owns 9,387 shares of the company's stock, valued at $1,429,170.75. The trade was a 11.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.50% of the company's stock.
About Diamond Hill Investment Group
(
Get Free Report)
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.
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