DHIL - Diamond Hill Investment Group, Inc.
142.05 -0.40 (-0.28%)
After hours: 4:22PM EST
| Previous Close | 141.61 |
| Open | 141.86 |
| Bid | 120.00 x 800 |
| Ask | 143.78 x 800 |
| Day's Range | 141.86 - 143.72 |
| 52 Week Range | 124.57 - 161.62 |
| Volume | 21,117 |
| Avg. Volume | 19,811 |
| Market Cap | 482.074M |
| Beta (5Y Monthly) | 0.52 |
| PE Ratio (TTM) | 10.68 |
| EPS (TTM) | 13.34 |
| Earnings Date | Feb 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Nov 27, 2019 |
| 1y Target Est | N/A |
- PR Newswire
Diamond Hill Appoints Asset Management Executive Lara Hoffmans, CFA, as Managing Director, Marketing; Names Jo Ann Quinif Chief Client Officer
Diamond Hill Capital Management, an independent active asset manager and a subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL), today announced the appointment of Lara Hoffmans, CFA, as managing director, marketing, a new position, effective Feb. 5.
- Simply Wall St.
Should Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Be Part Of Your Dividend Portfolio?
Is Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) a good dividend stock? How can we tell? Dividend paying companies...
- Insider Monkey
Hedge Funds Have Never Been This Bullish On Diamond Hill Investment Group, Inc. (DHIL)
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
- Simply Wall St.
Here's What We Like About Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)'s Upcoming Dividend
Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) is about to trade ex-dividend in the next 4 days. You will need to...
- GuruFocus.com
Chuck Akre's Biggest Transactions for the 3rd Quarter
Guru's firm buys Brookfield, sells Ameritrade and Ubiquiti Continue reading...
- American City Business Journals
This CEO new to Columbus wants to help more women get into her industry
"I thought, ‘Well, if women had the equal opportunity to be successful in this industry, there would be more of us.'"
- Simply Wall St.
James Laird Is The Chairman of the Board & Lead Independent Director of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) And They Just Spent US$361k On Shares
Investors who take an interest in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) should definitely note that the...
- PR Newswire
Diamond Hill Investment Group, Inc. Reports Results For Third Quarter 2019
COLUMBUS, Ohio , Oct. 29, 2019 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (the "Company," "we," "our") (NASDAQ: DHIL) today reported unaudited results for the quarter ...
- Morningstar
Back-Door Access to an Excellent but Off-Limits Value Strategy
The following is our latest Fund Analyst Report for Diamond Hill Mid Cap A DHPAX . Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Diamond Hill Mid Cap's deep, stable bench and disciplined approach to relative-value investing earn it a Morningstar Analyst Rating of Gold. Chris Welch has served as this strategy's lead manager since its December 2013 launch but has run a similar strategy, Diamond Hill Small-Mid Cap DHMAX , since its 2005 inception.
- Simply Wall St.
Investors Who Bought Diamond Hill Investment Group (NASDAQ:DHIL) Shares Three Years Ago Are Now Down 26%
For many investors, the main point of stock picking is to generate higher returns than the overall market. But the...
- Simply Wall St.
Have Insiders Been Selling Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
- Simply Wall St.
What Did Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) CEO Take Home Last Year?
Chris Bingaman has been the CEO of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) since 2016. This report will...
- Morningstar
Should You Buy These Reopened Funds?
Generally, funds reopen at a time when they are in outflows and management believes that the fund has either shrunk to the point where it can handle more money, or it is suffering so many outflows that it would like some inflows to at least slow down the rate of outflows. After all, the fund has great long-term performance and a large asset base of $36.6 billion. Poor performance in 2015 and 2016 spurred outflows that began in 2017 and have continued to today.
- PR Newswire
Diamond Hill Investment Group, Inc. Reports Results For Second Quarter 2019
COLUMBUS, Ohio , July 31, 2019 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (the "Company," "we," "our") (NASDAQ: DHIL) today reported unaudited results for the quarter ...
- PR Newswire
Diamond Hill Appoints Heather E. Brilliant President and Chief Executive Officer
COLUMBUS, Ohio , July 10, 2019 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (NASDAQ: DHIL) announced that its board of directors has appointed Heather E. Brilliant , CFA to serve as its President ...
- Simply Wall St.
Here's How P/E Ratios Can Help Us Understand Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
- Insider Monkey
Here is What Hedge Funds Think About Diamond Hill Investment Group, Inc. (DHIL)
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
GuruFocus.comDiamond Hill Trims CVS Health, Exits Goodyear
Investment management firm Diamond Hill Capital (Trades, Portfolio) sold shares of the following stocks during the first quarter. Warning! GuruFocus has detected 4 Warning Signs with CVS. The CVS Health Corp. (CVS) position was reduced by 87.04%.
- Simply Wall St.
Could The Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Ownership Structure Tell Us Something Useful?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) can tell us which gro...
- Associated Press
Diamond Hill Investment Group: 1Q Earnings Snapshot
The Columbus, Ohio-based company said it had earnings of $4.84 per share. Earnings, adjusted for non-recurring gains, were $2.88 per share. The investment company posted revenue of $32.6 million in the ...
- PR Newswire
Diamond Hill Investment Group, Inc. Reports Results For First Quarter 2019
COLUMBUS, Ohio , May 1, 2019 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (the "Company," "we," "our") (NASDAQ: DHIL) today reported unaudited results for the quarter ...
- Simply Wall St.
Those Who Purchased Diamond Hill Investment Group (NASDAQ:DHIL) Shares A Year Ago Have A 27% Loss To Show For It
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While indi...
- InvestorPlace
Goldcorp Special Dividend Is Capital Allocation at Its Finest
Newmont Mining (NYSE:NEM), is offering an 88-cent special dividend to Newmont shareholders to close its $10 billion acquisition of Goldcorp (NYSE:GG). Owners of GG stock should be happy about Newmont's capital allocation decision. * 10 Tech Stocks That Transformed Their Business Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the ten-yard line, Newmont had to do something to convince prominent shareholders, such as John Paulson, that the deal to buy Goldcorp was a good one. Newmont initially offered Goldcorp shareholders .328 shares of NEM stock in mid-January for every share of GG stock held, along with 2 cents in cash per share. Newmont trotted out the natural synergies explanation as to why the deal made sense -- $365 million in annual pre-tax synergies while delivering 6-7 million ounces of gold annually within a decade -- but Newmont shareholders felt the deal unfairly benefited Goldcorp shareholders. On March 25, VanEck portfolio manager Joe Foster, who oversees the VanEck precious metals investment team, changed his mind about the merger vote. VanEck, Newmont's third-largest shareholder, had serious concerns about the deal. The special dividend has removed any such concerns. "As things stand right now I plan to vote in favor of the Newmont deal," Foster said in an interview. While Paulson is still reviewing the special dividend, it's likely that he'll also fall in line and vote for the deal. Ratification is expected April 4. "From my standpoint, I think we've done what we needed to do," Newmont Chief Executive Officer Gary Goldberg said in an interview. "It now is up to our shareholders. I'm really looking forward to positive results out of both votes.''While the special dividend will only be paid on the successful consummation of the $10 billion deal, it illustrates why more companies should utilize this capital allocation lever ahead of customary shareholder rewards such as regular dividends and share repurchases. Here's why. Greater Flexibility to Handle All Economic ConditionsIn April 2016, I highlighted four stocks that had paid one or more special dividends in the past year, that I thought were good investments. My argument was relatively straightforward. "In my opinion, special dividends are one of the best examples of efficient capital allocation because it shows me that management understands the ebb and flow of its own cash flows and is more than willing to reward shareholders when the coffers are flush and to hold back when they're not," I wrote on May 3, 2016."But I wasn't just looking for stocks to buy that paid a special dividend -- I was after those that don't pay a regular dividend and have no formal dividend policy."Here's how the four stocks have performed in the 35 months since. Stock Performance Amerco (NASDAQ:UHAL) 4.0% Diamond Hill Investment Group (NASDAQ:DHIL) -12.3% Under Armour (NYSE:UAA) -52.3% Facebook (NASDAQ:FB) 42.4% SPDR S&P 500 ETF (NYSE:SPY) 44.1% So, what happened? Why such terrible performance relative to the index?Well, each of the businesses has had different issues to deal with: Amerco (rising costs), Diamond Hill (increased competition), Under Armour (bad management) and Facebook (privacy issues).These are hardly my best stock selections over the past three years. However, I do believe that all four are company-specific problems rather than asset allocation mistakes. Long-term, all of these stocks should make investors money. But I digress. Newmont's Capital Allocation Winning ChoiceOver the past three fiscal years, Newmont generated $2.9 billion in free cash flow. From that, it's paid out $648 million in dividends, repurchased just $98 million of its stock, and repaid $1.7 billion of its debt, leaving it with plenty of cash for other potential uses. The 88-cent special dividend will cost the company $469 million. However, the combination of it and Goldcorp should produce at least $1 billion in annual free cash flow -- probably more if it achieves the projected cost synergies of $365 million annually. Without the special dividend available to it, there's almost no way Newmont could have achieved a successful vote. That's because it would have had to reduce the number of shares it issued Goldcorp shareholders (less than 0.3280) to pay for the deal. Goldcorp shareholders likely would have vetoed such a plan. Newmont was a rock in a hard place.I don't know why companies don't utilize the special dividend more often. It provides greater financial flexibility so that management can do what's right for all stakeholders, including shareholders, without locking the company into quarterly rent checks that become a noose around its neck.The argument against special dividends is that it benefits Johnny-come-lately shareholders at the expense of long-time shareholders, who didn't buy on the news. There's a measure of truth to that. * 7 Dividend Stocks With Double-Digit Increases However, in the long run, I believe the pros outweigh the cons. If you're Joe Foster at VanEck, you see the benefits. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Goldcorp Special Dividend Is Capital Allocation at Its Finest appeared first on InvestorPlace.
- Simply Wall St.
How Should Investors React To Diamond Hill Investment Group, Inc.’s (NASDAQ:DHIL) CEO Pay?
In 2016 Chris Bingaman was appointed CEO of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll considerRead More...
