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 sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent. The company was founded in 1990 and is based in Columbus, Ohio.
Diamond Hill Investment Group Stock Up 1.2 %
NASDAQ:DHIL opened at $179.10 on Wednesday. The company has a market capitalization of $555.03 million, a P/E ratio of 9.97 and a beta of 1.00. Diamond Hill Investment Group has a 12-month low of $163.90 and a 12-month high of $234.84. The firm has a 50-day moving average price of $179.35 and a two-hundred day moving average price of $180.98.
Diamond Hill Investment Group (NASDAQ:DHIL - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The asset manager reported $3.77 earnings per share (EPS) for the quarter. The firm had revenue of $39.02 million during the quarter. Diamond Hill Investment Group had a net margin of 31.87% and a return on equity of 33.22%.
Diamond Hill Investment Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, September 1st will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, August 31st. Diamond Hill Investment Group's dividend payout ratio is currently 33.39%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Diamond Hill Investment Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.