Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) posted its quarterly earnings results on Tuesday. The asset manager reported $3.23 EPS for the quarter, Zacks reports. The company had revenue of $37.12 million during the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.
Diamond Hill Investment Group Stock Performance
Shares of Diamond Hill Investment Group stock traded up $2.71 during trading on Friday, hitting $131.41. The company's stock had a trading volume of 24,654 shares, compared to its average volume of 17,370. The company has a fifty day simple moving average of $138.54 and a two-hundred day simple moving average of $149.87. Diamond Hill Investment Group has a 52 week low of $122.32 and a 52 week high of $173.25. The company has a market capitalization of $366.24 million, a PE ratio of 7.44 and a beta of 0.76.
Diamond Hill Investment Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $6.00 annualized dividend and a yield of 4.57%. Diamond Hill Investment Group's payout ratio is 40.60%.
Insider Buying and Selling
In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 500 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $146.00 per share, for a total transaction of $73,000.00. Following the purchase, the director now owns 10,159 shares in the company, valued at approximately $1,483,214. This trade represents a 5.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 2,422 shares of company stock worth $330,093 in the last 90 days. Insiders own 4.60% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.
Get Our Latest Research Report on DHIL
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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