Evergreen Wealth Management LLC Sells 3,994 Shares of Diamond Hill Investment Group, Inc. $DHIL

Evergreen Wealth Management LLC cut its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 27.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,628 shares of the asset manager’s stock after selling 3,994 shares during the period. Evergreen Wealth Management LLC owned approximately 0.39% of Diamond Hill Investment Group worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHIL. Signaturefd LLC lifted its holdings in Diamond Hill Investment Group by 68.5% during the first quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock worth $39,000 after acquiring an additional 111 shares in the last quarter. State of Wyoming acquired a new position in shares of Diamond Hill Investment Group during the first quarter worth about $54,000. CWM LLC boosted its position in shares of Diamond Hill Investment Group by 969.6% during the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock worth $86,000 after buying an additional 543 shares during the period. Parallel Advisors LLC grew its holdings in shares of Diamond Hill Investment Group by 47.4% during the second quarter. Parallel Advisors LLC now owns 662 shares of the asset manager’s stock worth $96,000 after buying an additional 213 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diamond Hill Investment Group by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,581 shares of the asset manager’s stock valued at $226,000 after buying an additional 78 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHIL. Wall Street Zen upgraded Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Diamond Hill Investment Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Diamond Hill Investment Group has an average rating of “Hold”.

Diamond Hill Investment Group Stock Performance

DHIL opened at $135.93 on Wednesday. Diamond Hill Investment Group, Inc. has a 52-week low of $122.32 and a 52-week high of $173.25. The firm has a market capitalization of $371.09 million, a PE ratio of 7.73 and a beta of 0.81. The business’s 50-day simple moving average is $141.17 and its 200 day simple moving average is $141.62.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Tuesday, July 29th. The asset manager reported $2.86 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.The business had revenue of $36.03 million for the quarter.

Insider Activity

In related news, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $141.10, for a total transaction of $35,275.00. Following the sale, the director owned 2,534 shares in the company, valued at approximately $357,547.40. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paula R. Meyer sold 350 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the transaction, the director directly owned 3,763 shares in the company, valued at approximately $533,593.40. This trade represents a 8.51% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.60% of the company’s stock.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.