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

Diamond Hill Investment Group (NASDAQ:DHIL) announced its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $3.72 earnings per share (EPS) for the quarter, Morningstar.com reports. Diamond Hill Investment Group had a return on equity of 27.95% and a net margin of 33.97%. The business had revenue of $37.78 million for the quarter.

Diamond Hill Investment Group opened at $196.94 on Friday, MarketBeat.com reports. The company has a market capitalization of $695.95 million, a P/E ratio of 13.69 and a beta of 0.90. Diamond Hill Investment Group has a 1-year low of $196.25 and a 1-year high of $198.60.

In other Diamond Hill Investment Group news, Director Roderick H. Dillon, Jr. sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $215.19, for a total value of $85,860.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Diamond Hill Investment Group by 9.4% during the fourth quarter. Renaissance Technologies LLC now owns 109,500 shares of the asset manager’s stock valued at $22,629,000 after acquiring an additional 9,400 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Diamond Hill Investment Group by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 212,431 shares of the asset manager’s stock valued at $43,901,000 after acquiring an additional 19,233 shares in the last quarter. Ferris Capital LLC bought a new position in shares of Diamond Hill Investment Group during the fourth quarter valued at approximately $511,000. Victory Capital Management Inc. raised its holdings in shares of Diamond Hill Investment Group by 10.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,432 shares of the asset manager’s stock valued at $1,123,000 after acquiring an additional 500 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Diamond Hill Investment Group by 13.8% during the fourth quarter. First Trust Advisors LP now owns 2,888 shares of the asset manager’s stock valued at $597,000 after acquiring an additional 350 shares in the last quarter. 60.09% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th.

Diamond Hill Investment Group Company Profile

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.

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

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