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

Diamond Hill Investment Group (NASDAQ:DHIL) released its quarterly earnings results on Wednesday. The asset manager reported $2.87 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $33.55 million for the quarter. Diamond Hill Investment Group had a return on equity of 21.83% and a net margin of 36.55%.

Shares of DHIL traded down $5.64 during mid-day trading on Thursday, reaching $135.31. 20,635 shares of the company’s stock traded hands, compared to its average volume of 16,148. The firm’s 50-day simple moving average is $139.36. The company has a market cap of $472.91 million, a PE ratio of 10.59 and a beta of 0.57. Diamond Hill Investment Group has a 12 month low of $132.51 and a 12 month high of $194.27.

Separately, BidaskClub raised Diamond Hill Investment Group from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of Diamond Hill Investment Group during the first quarter valued at approximately $28,000. Parallel Advisors LLC increased its stake in shares of Diamond Hill Investment Group by 725.0% during the first quarter. Parallel Advisors LLC now owns 297 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 261 shares during the period. Denali Advisors LLC acquired a new position in shares of Diamond Hill Investment Group during the first quarter valued at approximately $42,000. Enterprise Financial Services Corp acquired a new position in shares of Diamond Hill Investment Group during the second quarter valued at approximately $60,000. Finally, Legal & General Group Plc increased its stake in shares of Diamond Hill Investment Group by 29.6% during the fourth quarter. Legal & General Group Plc now owns 656 shares of the asset manager’s stock valued at $98,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 54.61% of the company’s stock.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.

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Earnings History for Diamond Hill Investment Group (NASDAQ:DHIL)

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