Diamond Hill Investment Group (DHIL) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a sell rating to a hold rating in a research note published on Friday morning.

Separately, ValuEngine downgraded shares of Diamond Hill Investment Group from a hold rating to a sell rating in a research report on Friday, September 7th.

Shares of NASDAQ:DHIL traded down $2.07 during trading on Friday, reaching $171.60. The stock had a trading volume of 15,057 shares, compared to its average volume of 12,664. Diamond Hill Investment Group has a 52 week low of $161.10 and a 52 week high of $219.90. The firm has a market cap of $613.08 million, a P/E ratio of 12.07 and a beta of 0.82.

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

Several institutional investors have recently added to or reduced their stakes in DHIL. Schwab Charles Investment Management Inc. lifted its position in shares of Diamond Hill Investment Group by 9.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 16,044 shares of the asset manager’s stock valued at $3,315,000 after acquiring an additional 1,359 shares during the period. Northern Trust Corp lifted its position in shares of Diamond Hill Investment Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 40,539 shares of the asset manager’s stock valued at $8,374,000 after acquiring an additional 466 shares during the period. BlackRock Inc. lifted its position in shares of Diamond Hill Investment Group by 3.7% during the 1st quarter. BlackRock Inc. now owns 238,630 shares of the asset manager’s stock valued at $49,292,000 after acquiring an additional 8,509 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Diamond Hill Investment Group by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 97,084 shares of the asset manager’s stock valued at $20,054,000 after acquiring an additional 4,207 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Diamond Hill Investment Group by 3.4% during the 1st quarter. Russell Investments Group Ltd. now owns 35,148 shares of the asset manager’s stock valued at $7,261,000 after acquiring an additional 1,141 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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