Assenagon Asset Management S.A. Trims Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Assenagon Asset Management S.A. lowered its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 44.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,801 shares of the asset manager’s stock after selling 2,981 shares during the period. Assenagon Asset Management S.A.’s holdings in Diamond Hill Investment Group were worth $525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at about $28,000. Bank of Montreal Can bought a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at about $39,000. Quantamental Technologies LLC boosted its holdings in shares of Diamond Hill Investment Group by 198.1% in the 2nd quarter. Quantamental Technologies LLC now owns 307 shares of the asset manager’s stock valued at $44,000 after buying an additional 204 shares in the last quarter. US Bancorp DE bought a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at about $49,000. Finally, Enterprise Financial Services Corp bought a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at about $60,000. 56.50% of the stock is currently owned by institutional investors and hedge funds.

DHIL stock opened at $134.32 on Wednesday. The firm has a 50 day moving average of $135.11 and a 200 day moving average of $138.85. The stock has a market capitalization of $459.35 million, a PE ratio of 10.90 and a beta of 0.57. Diamond Hill Investment Group, Inc. has a 52 week low of $124.57 and a 52 week high of $179.51.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, July 31st. The asset manager reported $2.87 EPS for the quarter. The company had revenue of $33.55 million during the quarter. Diamond Hill Investment Group had a net margin of 36.33% and a return on equity of 20.34%.

A number of 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 Friday, October 4th. ValuEngine upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

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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Want to see what other hedge funds are holding DHIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamond Hill Investment Group, Inc. (NASDAQ:DHIL).

Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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