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.
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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