Somewhat Positive Press Coverage Somewhat Unlikely to Affect Diamond Hill Investment Group (NASDAQ:DHIL) Stock Price
News articles about Diamond Hill Investment Group (NASDAQ:DHIL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Hill Investment Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.3640130560361 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Diamond Hill Investment Group (NASDAQ DHIL) traded down 0.25% during mid-day trading on Monday, reaching $196.17. The company had a trading volume of 11,835 shares. The firm has a market capitalization of $638.93 million, a price-to-earnings ratio of 12.84 and a beta of 0.93. Diamond Hill Investment Group has a one year low of $170.00 and a one year high of $217.68. The stock has a 50 day moving average of $199.77 and a 200-day moving average of $198.87.
Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Wednesday, July 26th. The asset manager reported $3.66 EPS for the quarter. The business had revenue of $35.54 million for the quarter. Diamond Hill Investment Group had a net margin of 36.52% and a return on equity of 34.36%. Equities analysts predict that Diamond Hill Investment Group will post $3.28 EPS for the current year.
Separately, BidaskClub raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research note on Thursday.
In other Diamond Hill Investment Group news, COO Lisa M. Wesolek sold 143 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $206.50, for a total transaction of $29,529.50. Following the sale, the chief operating officer now owns 24,508 shares of the company’s stock, valued at $5,060,902. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James F. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $206.88, for a total transaction of $206,880.00. Following the sale, the director now directly owns 40,062 shares in the company, valued at approximately $8,288,026.56. The disclosure for this sale can be found here. Insiders have sold 13,454 shares of company stock worth $2,764,670 in the last ninety days. Insiders own 7.30% of the company’s stock.
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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