BidaskClub Lowers Diamond Hill Investment Group (DHIL) to Sell

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

DHIL stock opened at $199.98 on Tuesday. Diamond Hill Investment Group has a 12 month low of $187.63 and a 12 month high of $219.90. The stock has a market capitalization of $701.84, a price-to-earnings ratio of 13.82 and a beta of 0.88.

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Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Thursday, February 22nd. The asset manager reported $3.43 EPS for the quarter. Diamond Hill Investment Group had a net margin of 34.43% and a return on equity of 29.19%. The firm had revenue of $37.75 million for the quarter.

In other Diamond Hill Investment Group news, Director Roderick H. Dillon, Jr. sold 3,618 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $215.24, for a total value of $778,738.32. Following the transaction, the director now directly owns 77,741 shares of the company’s stock, valued at approximately $16,732,972.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roderick H. Dillon, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $215.10, for a total transaction of $107,550.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,517 shares of company stock worth $972,149. Insiders own 6.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DHIL. SG Americas Securities LLC bought a new position in Diamond Hill Investment Group in the 4th quarter valued at about $175,000. Acadian Asset Management LLC bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at approximately $219,000. Teacher Retirement System of Texas bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at approximately $242,000. Robotti Robert bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at approximately $289,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at approximately $319,000. 60.04% of the stock is currently owned by hedge funds and other institutional investors.

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About Diamond Hill Investment Group

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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