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

Diamond Hill Investment Group (NASDAQ:DHIL) announced its earnings results on Thursday. The asset manager reported $2.24 earnings per share for the quarter, FiscalAI reports. Diamond Hill Investment Group had a return on equity of 18.15% and a net margin of 33.15%.The company had revenue of $36.55 million for the quarter.

Diamond Hill Investment Group Stock Up 0.3%

Shares of DHIL stock traded up $0.51 on Friday, reaching $171.87. 49,089 shares of the stock were exchanged, compared to its average volume of 25,616. The firm has a 50 day moving average of $170.53 and a two-hundred day moving average of $149.14. Diamond Hill Investment Group has a 1-year low of $114.11 and a 1-year high of $172.45. The stock has a market cap of $465.77 million, a P/E ratio of 9.60 and a beta of 0.78.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Diamond Hill Investment Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently bought and sold shares of DHIL. Geode Capital Management LLC increased its stake in Diamond Hill Investment Group by 4.4% during the second quarter. Geode Capital Management LLC now owns 80,382 shares of the asset manager’s stock valued at $11,682,000 after purchasing an additional 3,379 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Diamond Hill Investment Group by 172.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 67,613 shares of the asset manager’s stock worth $9,466,000 after acquiring an additional 42,800 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Diamond Hill Investment Group by 47.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 66,443 shares of the asset manager’s stock valued at $9,303,000 after acquiring an additional 21,298 shares during the period. AQR Capital Management LLC increased its stake in shares of Diamond Hill Investment Group by 18.5% during the fourth quarter. AQR Capital Management LLC now owns 60,619 shares of the asset manager’s stock valued at $10,275,000 after acquiring an additional 9,473 shares during the period. Finally, American Century Companies Inc. raised its holdings in Diamond Hill Investment Group by 16.8% during the second quarter. American Century Companies Inc. now owns 59,928 shares of the asset manager’s stock worth $8,708,000 after purchasing an additional 8,631 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc is an independent, employee‐owned investment management firm that provides a range of equity and fixed income strategies to institutional and individual clients. The company’s investment approach is driven by bottom‐up fundamental research, emphasizing risk management and long‐term value creation. Through a disciplined portfolio construction process, Diamond Hill seeks to deliver differentiated returns across market environments.

The firm offers a suite of investment products, including small‐, mid‐ and large‐cap U.S.