Diamond Hill Investment Group (DHIL) Reaches New 1-Year Low at $157.05

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) shares reached a new 52-week low on Thursday . The stock traded as low as $157.05 and last traded at $159.00, with a volume of 231 shares changing hands. The stock had previously closed at $165.17.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine cut shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Friday, September 7th.

The firm has a market cap of $554.47 million, a price-to-earnings ratio of 10.90 and a beta of 0.63.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Tuesday, October 30th. The asset manager reported $3.76 earnings per share for the quarter. The company had revenue of $37.47 million during the quarter. Diamond Hill Investment Group had a net margin of 36.57% and a return on equity of 25.54%.

The business also recently declared a dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, December 3rd will be issued a $8.00 dividend. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Diamond Hill Investment Group’s previous dividend of $7.00.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Diamond Hill Investment Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 155,437 shares of the asset manager’s stock worth $25,707,000 after purchasing an additional 665 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Diamond Hill Investment Group by 8.9% in the third quarter. AQR Capital Management LLC now owns 15,370 shares of the asset manager’s stock worth $2,542,000 after purchasing an additional 1,250 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Diamond Hill Investment Group by 50.8% in the third quarter. MetLife Investment Advisors LLC now owns 2,331 shares of the asset manager’s stock worth $386,000 after purchasing an additional 785 shares in the last quarter. Robotti Robert lifted its position in shares of Diamond Hill Investment Group by 77.4% in the third quarter. Robotti Robert now owns 5,500 shares of the asset manager’s stock worth $910,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Diamond Hill Investment Group in the third quarter worth $458,000. 58.62% of the stock is currently owned by institutional investors and hedge funds.

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Diamond Hill Investment Group Company Profile (NASDAQ:DHIL)

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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