Midas Management Corp maintained its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,897 shares of the asset manager’s stock at the end of the second quarter. Midas Management Corp’s holdings in Diamond Hill Investment Group were worth $379,000 as of its most recent filing with the SEC.
Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) opened at 196.26 on Thursday. The firm’s 50-day moving average price is $199.77 and its 200 day moving average price is $198.87. The firm has a market cap of $639.22 million, a price-to-earnings ratio of 12.84 and a beta of 0.93. Diamond Hill Investment Group, Inc. has a 52-week low of $170.00 and a 52-week high of $217.68.
Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 34.36% and a net margin of 36.52%. The firm had revenue of $35.54 million for the quarter. On average, equities research analysts forecast that Diamond Hill Investment Group, Inc. will post $3.28 EPS for the current year.
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Separately, BidaskClub lowered Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
In other Diamond Hill Investment Group news, COO Lisa M. Wesolek sold 250 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $204.20, for a total transaction of $51,050.00. Following the sale, the chief operating officer now owns 25,001 shares in the company, valued at $5,105,204.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Lisa M. Wesolek sold 143 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $206.50, for a total value of $29,529.50. Following the sale, the chief operating officer now owns 24,508 shares in the company, valued at approximately $5,060,902. The disclosure for this sale can be found here. Insiders have sold 15,704 shares of company stock worth $3,220,180 in the last 90 days. 7.30% of the stock is currently owned by insiders.
Diamond Hill Investment Group Company Profile
Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.
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