Diamond Hill Investment Group (NASDAQ:DHIL) Stock Rating Upgraded by StockNews.com

Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Diamond Hill Investment Group Stock Down 1.5 %

Shares of Diamond Hill Investment Group stock opened at $164.50 on Wednesday. The firm has a market cap of $452.38 million, a P/E ratio of 9.31 and a beta of 1.00. Diamond Hill Investment Group has a fifty-two week low of $135.44 and a fifty-two week high of $173.98. The business has a 50-day moving average price of $156.71 and a 200 day moving average price of $153.03.

Insider Activity

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $3,370,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $3,370,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director L’quentus Thomas sold 250 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of Diamond Hill Investment Group in the first quarter worth about $670,000. Quest Partners LLC grew its position in Diamond Hill Investment Group by 3,651.1% during the second quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock worth $486,000 after buying an additional 3,359 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Diamond Hill Investment Group by 369.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock worth $2,676,000 after buying an additional 13,035 shares in the last quarter. AQR Capital Management LLC grew its position in Diamond Hill Investment Group by 18.3% during the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock worth $4,339,000 after buying an additional 4,779 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Diamond Hill Investment Group by 11.9% during the second quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 2,935 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Diamond Hill Investment Group Company Profile

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.