Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Announces Quarterly Earnings Results
Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) released its earnings results on Wednesday. The asset manager reported $3.66 EPS for the quarter, Bloomberg Earnings reports. Diamond Hill Investment Group had a net margin of 35.19% and a return on equity of 34.85%. The firm had revenue of $35.54 million for the quarter.
Diamond Hill Investment Group (NASDAQ DHIL) traded down 0.84% during midday trading on Thursday, hitting $198.00. 5,428 shares of the stock were exchanged. Diamond Hill Investment Group has a 1-year low of $170.00 and a 1-year high of $217.68. The company has a market capitalization of $641.72 million, a P/E ratio of 13.69 and a beta of 0.93. The company’s 50 day moving average is $200.68 and its 200 day moving average is $199.27.
Separately, BidaskClub lowered shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday.
In related news, COO Lisa M. Wesolek sold 143 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $206.50, for a total value of $29,529.50. Following the transaction, the chief operating officer now directly owns 24,508 shares in the company, valued at $5,060,902. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bradley C. Shoup sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $198.75, for a total transaction of $477,000.00. Following the completion of the transaction, the director now owns 9,450 shares in the company, valued at $1,878,187.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,104 shares of company stock worth $4,101,480. 7.30% of the stock is owned by company insiders.
Diamond Hill Investment Group Company Profile
Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.
Receive News & Ratings for Diamond Hill Investment Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Hill Investment Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.