Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 3,509 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $207.13, for a total value of $726,819.17. Following the sale, the director now directly owns 29,800 shares in the company, valued at $6,172,474. The transaction was disclosed in a filing with the SEC, which is available at this link.
Diamond Hill Investment Group, Inc. (DHIL) traded up $0.88 during mid-day trading on Friday, hitting $207.80. The company had a trading volume of 9,003 shares, compared to its average volume of 9,151. The firm has a market cap of $721.78, a price-to-earnings ratio of 13.83 and a beta of 0.94. Diamond Hill Investment Group, Inc. has a twelve month low of $182.50 and a twelve month high of $219.90.
Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $3.67 earnings per share (EPS) for the quarter. The business had revenue of $36.77 million for the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%.
Several hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC bought a new position in Diamond Hill Investment Group during the 2nd quarter worth $225,000. Principal Financial Group Inc. bought a new position in Diamond Hill Investment Group during the 2nd quarter worth $297,000. Stifel Financial Corp grew its stake in Diamond Hill Investment Group by 2.9% during the 2nd quarter. Stifel Financial Corp now owns 1,533 shares of the asset manager’s stock worth $306,000 after buying an additional 43 shares during the last quarter. Voya Investment Management LLC grew its stake in Diamond Hill Investment Group by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,564 shares of the asset manager’s stock worth $312,000 after buying an additional 203 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Diamond Hill Investment Group during the 2nd quarter worth $355,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.
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About Diamond Hill Investment Group
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.
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