Diamond Hill Investment Group (DHIL) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a hold rating to a sell rating in a report issued on Tuesday morning.

Diamond Hill Investment Group (NASDAQ DHIL) traded up $0.83 during trading hours on Tuesday, hitting $213.46. The company had a trading volume of 7,403 shares, compared to its average volume of 7,612. The firm has a market capitalization of $737.67, a PE ratio of 14.20 and a beta of 0.94. Diamond Hill Investment Group has a 12-month low of $182.50 and a 12-month high of $219.90.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued 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 during the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%.

In related news, Director Roderick H. Dillon, Jr. sold 2,127 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $215.46, for a total value of $458,283.42. Following the completion of the transaction, the director now directly owns 93,213 shares in the company, valued at $20,083,672.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James F. Laird, Jr. sold 760 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $207.47, for a total value of $157,677.20. Following the completion of the transaction, the director now owns 34,302 shares of the company’s stock, valued at $7,116,635.94. The disclosure for this sale can be found here. Insiders sold 21,179 shares of company stock valued at $4,524,228 over the last quarter. 7.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in Diamond Hill Investment Group in the fourth quarter worth approximately $351,000. Grandeur Peak Global Advisors LLC grew its position in Diamond Hill Investment Group by 1.9% in the third quarter. Grandeur Peak Global Advisors LLC now owns 27,175 shares of the asset manager’s stock worth $5,771,000 after acquiring an additional 500 shares during the period. OxFORD Asset Management LLP grew its position in Diamond Hill Investment Group by 107.7% in the third quarter. OxFORD Asset Management LLP now owns 7,557 shares of the asset manager’s stock worth $1,622,000 after acquiring an additional 3,918 shares during the period. Dimensional Fund Advisors LP grew its position in Diamond Hill Investment Group by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 84,649 shares of the asset manager’s stock worth $17,975,000 after acquiring an additional 3,816 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in Diamond Hill Investment Group by 20.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 14,186 shares of the asset manager’s stock worth $3,013,000 after acquiring an additional 2,408 shares during the period. 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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