BidaskClub Upgrades Diamond Hill Investment Group (DHIL) to “Sell”

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Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Shares of DHIL stock opened at $194.43 on Thursday. Diamond Hill Investment Group has a 1 year low of $183.34 and a 1 year high of $219.90. The company has a market cap of $678.79 million, a price-to-earnings ratio of 13.36 and a beta of 0.88.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $3.72 earnings per share (EPS) for the quarter. 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.

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $198.26, for a total transaction of $594,780.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its position in 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 purchasing an additional 350 shares during the period. Goldman Sachs Group Inc. raised its position in Diamond Hill Investment Group by 17.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,801 shares of the asset manager’s stock valued at $579,000 after purchasing an additional 423 shares during the period. Baird Financial Group Inc. raised its position in Diamond Hill Investment Group by 1.7% during the first quarter. Baird Financial Group Inc. now owns 26,284 shares of the asset manager’s stock valued at $5,429,000 after purchasing an additional 434 shares during the period. Northern Trust Corp raised its position in Diamond Hill Investment Group by 1.2% during the first quarter. Northern Trust Corp now owns 40,539 shares of the asset manager’s stock valued at $8,374,000 after purchasing an additional 466 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Diamond Hill Investment Group by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 14,685 shares of the asset manager’s stock worth $3,035,000 after buying an additional 499 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

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.

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