Wells Fargo & Company MN lifted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 218,373 shares of the asset manager’s stock after purchasing an additional 5,942 shares during the quarter. Wells Fargo & Company MN owned 6.22% of Diamond Hill Investment Group worth $45,107,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of DHIL. SG Americas Securities LLC purchased a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $175,000. Acadian Asset Management LLC purchased a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $219,000. Teacher Retirement System of Texas purchased a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $242,000. Robotti Robert bought a new stake in Diamond Hill Investment Group in the fourth quarter worth $289,000. Finally, MetLife Investment Advisors LLC bought a new stake in Diamond Hill Investment Group in the fourth quarter worth $319,000. 60.37% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th.
In related news, Director James F. Laird, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $198.26, for a total value of $594,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.40% of the stock is owned by company insiders.
Shares of DHIL opened at $199.80 on Thursday. The firm has a market capitalization of $698.55 million, a P/E ratio of 13.74 and a beta of 0.90. Diamond Hill Investment Group, Inc. has a 52-week low of $183.34 and a 52-week high of $219.90.
Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Wednesday, May 2nd. The asset manager reported $3.72 earnings per share (EPS) for the quarter. The company had revenue of $37.78 million during the quarter. Diamond Hill Investment Group had a return on equity of 27.95% and a net margin of 33.97%.
Diamond Hill Investment Group 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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