Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
Separately, ValuEngine downgraded Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research note on Friday, September 7th.
DHIL stock opened at $166.85 on Thursday. The firm has a market capitalization of $583.85 million, a PE ratio of 11.49 and a beta of 0.82. Diamond Hill Investment Group has a 1 year low of $161.10 and a 1 year high of $219.90.
Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Wednesday, August 1st. The asset manager reported $3.57 earnings per share (EPS) for the quarter. The firm had revenue of $35.93 million for the quarter. Diamond Hill Investment Group had a return on equity of 26.57% and a net margin of 35.05%.
Several hedge funds have recently added to or reduced their stakes in DHIL. Huntington National Bank purchased a new position in shares of Diamond Hill Investment Group in the 2nd quarter worth $117,000. Aperio Group LLC purchased a new position in shares of Diamond Hill Investment Group in the 1st quarter worth $218,000. Hancock Holding Co. purchased a new position in shares of Diamond Hill Investment Group in the 1st quarter worth $264,000. Bessemer Group Inc. boosted its stake in shares of Diamond Hill Investment Group by 150.0% in the 2nd quarter. Bessemer Group Inc. now owns 1,500 shares of the asset manager’s stock worth $292,000 after buying an additional 900 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Diamond Hill Investment Group during the second quarter valued at $331,000. Hedge funds and other institutional investors own 59.81% of the company’s stock.
About Diamond Hill Investment Group
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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