Diamond Hill Investment Group (NASDAQ:DHIL – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Diamond Hill Investment Group Stock Up 3.1 %

DHIL traded up $5.38 on Friday, hitting $179.66. The company had a trading volume of 6,740 shares, compared to its average volume of 11,802. The company has a market cap of $569.52 million, a PE ratio of 8.22 and a beta of 1.00. Diamond Hill Investment Group has a 12-month low of $160.00 and a 12-month high of $234.84. The business’s fifty day simple moving average is $175.58 and its 200 day simple moving average is $181.20.

Diamond Hill Investment Group (NASDAQ:DHIL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The asset manager reported $4.16 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 32.76% and a net margin of 37.55%. The company had revenue of $42.26 million during the quarter.

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In other Diamond Hill Investment Group news, CEO Heather E. Brilliant bought 301 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was acquired at an average price of $171.48 per share, for a total transaction of $51,615.48. Following the completion of the transaction, the chief executive officer now directly owns 37,606 shares of the company’s stock, valued at $6,448,676.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Diamond Hill Investment Group

A number of large investors have recently modified their holdings of DHIL. MCF Advisors LLC purchased a new stake in shares of Diamond Hill Investment Group in the first quarter valued at approximately $28,000. UMB Bank N A MO purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $29,000. Tyler Stone Wealth Management purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $39,000. Signaturefd LLC boosted its holdings in shares of Diamond Hill Investment Group by 54.1% in the first quarter. Signaturefd LLC now owns 208 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 73 shares during the period. Finally, Amalgamated Bank purchased a new stake in shares of Diamond Hill Investment Group in the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 61.97% of the company’s stock.

About Diamond Hill Investment Group

(Get Rating)

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs.

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