Diamond Hill Investment Group (DHIL) Rating Increased to Hold at BidaskClub

Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, ValuEngine cut Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Friday, September 7th.

Shares of NASDAQ DHIL traded down $2.07 during trading hours on Friday, hitting $171.60. 15,000 shares of the company traded hands, compared to its average volume of 9,402. The company has a market cap of $613.89 million, a P/E ratio of 12.09 and a beta of 0.82. Diamond Hill Investment Group has a 12 month low of $161.10 and a 12 month high of $219.90.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, August 1st. The asset manager reported $3.57 earnings per share for the quarter. The firm had revenue of $35.93 million for the quarter. Diamond Hill Investment Group had a return on equity of 26.57% and a net margin of 35.05%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fenimore Asset Management Inc. boosted its holdings in Diamond Hill Investment Group by 20.5% during the 3rd quarter. Fenimore Asset Management Inc. now owns 74,239 shares of the asset manager’s stock valued at $12,278,000 after acquiring an additional 12,613 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Diamond Hill Investment Group by 200.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 750 shares of the asset manager’s stock valued at $124,000 after acquiring an additional 500 shares during the period. Northern Trust Corp boosted its holdings in Diamond Hill Investment Group by 7.9% during the 2nd quarter. Northern Trust Corp now owns 43,732 shares of the asset manager’s stock valued at $8,502,000 after acquiring an additional 3,193 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Diamond Hill Investment Group during the 2nd quarter valued at $331,000. Finally, Epoch Investment Partners Inc. boosted its holdings in Diamond Hill Investment Group by 3.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 161,527 shares of the asset manager’s stock valued at $31,405,000 after acquiring an additional 5,111 shares during the period. Institutional investors own 59.81% 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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