Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Down 14.2% in February

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 47,069 shares, a decline of 14.2% from the February 12th total of 54,874 shares. Based on an average daily volume of 39,269 shares, the short-interest ratio is presently 1.2 days. Currently, 1.8% of the company’s shares are sold short. Currently, 1.8% of the company’s shares are sold short. Based on an average daily volume of 39,269 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Diamond Hill Investment Group by 1,018.8% in the second quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 163 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Diamond Hill Investment Group by 180.0% in the 4th quarter. Clearstead Advisors LLC now owns 238 shares of the asset manager’s stock valued at $40,000 after buying an additional 153 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Diamond Hill Investment Group during the third quarter worth about $38,000. Tower Research Capital LLC TRC increased its stake in shares of Diamond Hill Investment Group by 319.4% during the second quarter. Tower Research Capital LLC TRC now owns 281 shares of the asset manager’s stock worth $41,000 after buying an additional 214 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Diamond Hill Investment Group by 46.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 283 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 90 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, 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, February 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Diamond Hill Investment Group presently has an average rating of “Buy”.

Diamond Hill Investment Group Trading Down 0.1%

NASDAQ DHIL opened at $172.50 on Thursday. The stock has a fifty day simple moving average of $171.24 and a 200-day simple moving average of $151.59. The stock has a market cap of $467.48 million, a PE ratio of 9.64 and a beta of 0.79. Diamond Hill Investment Group has a twelve month low of $114.11 and a twelve month high of $173.70.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its earnings results on Thursday, February 26th. The asset manager reported $2.24 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.15% and a return on equity of 18.08%.

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.