Diamond Hill Investment Group (NASDAQ:DHIL) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Diamond Hill Investment Group received a "hold (C)" rating from Weiss Ratings, while Wall Street Zen upgraded its rating to "buy".
• The company's stock recently traded at $137.50 with a market cap of approximately $374.69 million and a P/E ratio of 7.82.
• Insider activity shows that directors have sold shares, with one selling 350 shares at an average price of $141.80, indicating potential concern among insiders.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Diamond Hill Investment Group Trading Up 0.5%

DHIL traded up $0.69 during midday trading on Friday, reaching $137.50. The company's stock had a trading volume of 26,060 shares, compared to its average volume of 30,611. The stock has a market cap of $374.69 million, a P/E ratio of 7.82 and a beta of 0.81. The company has a fifty day simple moving average of $141.38 and a 200 day simple moving average of $141.45. Diamond Hill Investment Group has a twelve month low of $122.32 and a twelve month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $2.86 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.The company had revenue of $36.03 million during the quarter.

Insider Activity at Diamond Hill Investment Group

In related news, Director Paula R. Meyer sold 350 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $141.80, for a total transaction of $49,630.00. Following the completion of the transaction, the director owned 3,763 shares in the company, valued at $533,593.40. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L'quentus Thomas sold 250 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $141.10, for a total value of $35,275.00. Following the transaction, the director owned 2,534 shares of the company's stock, valued at $357,547.40. This trade represents a 8.98% decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diamond Hill Investment Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Diamond Hill Investment Group by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,649 shares of the asset manager's stock worth $3,235,000 after buying an additional 3,980 shares during the period. CWM LLC lifted its position in shares of Diamond Hill Investment Group by 969.6% during the 1st quarter. CWM LLC now owns 599 shares of the asset manager's stock worth $86,000 after buying an additional 543 shares during the period. AQR Capital Management LLC raised its position in Diamond Hill Investment Group by 29.6% in the 1st quarter. AQR Capital Management LLC now owns 37,990 shares of the asset manager's stock valued at $5,426,000 after purchasing an additional 8,675 shares during the last quarter. Nuveen LLC bought a new position in Diamond Hill Investment Group in the 1st quarter valued at $1,219,000. Finally, Trinity Financial Advisors LLC bought a new position in Diamond Hill Investment Group in the 2nd quarter valued at $509,000. Institutional investors own 65.50% of the company's stock.

About Diamond Hill Investment Group

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 offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.

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