Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Roderick H. Dillon, Jr. sold 500 shares of Diamond Hill Investment Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $215.10, for a total transaction of $107,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Diamond Hill Investment Group, Inc. (NASDAQ DHIL) traded down $2.19 during trading on Friday, reaching $213.20. 7,700 shares of the company were exchanged, compared to its average volume of 7,342. Diamond Hill Investment Group, Inc. has a 1 year low of $182.50 and a 1 year high of $219.90. The firm has a market cap of $739.65, a PE ratio of 14.19 and a beta of 0.94.
Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $3.67 earnings per share for the quarter. The company had revenue of $36.77 million for the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%.
Separately, BidaskClub cut shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in Diamond Hill Investment Group in the 4th quarter valued at $219,000. Parametric Portfolio Associates LLC purchased a new position in Diamond Hill Investment Group in the 2nd quarter valued at $225,000. Principal Financial Group Inc. purchased a new position in Diamond Hill Investment Group in the 2nd quarter valued at $297,000. Stifel Financial Corp lifted its holdings in Diamond Hill Investment Group by 2.9% in the 2nd quarter. Stifel Financial Corp now owns 1,533 shares of the asset manager’s stock valued at $306,000 after purchasing an additional 43 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Diamond Hill Investment Group by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,564 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.
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About Diamond Hill Investment Group
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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