Dimensional Fund Advisors LP Acquires 13,576 Shares of Diamond Hill Investment Group, Inc. (DHIL)

Dimensional Fund Advisors LP boosted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 14.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 110,660 shares of the asset manager’s stock after purchasing an additional 13,576 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Diamond Hill Investment Group were worth $21,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. lifted its position in Diamond Hill Investment Group by 26.0% during the 1st quarter. Prudential Financial Inc. now owns 3,036 shares of the asset manager’s stock worth $627,000 after acquiring an additional 626 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in 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 worth $3,315,000 after acquiring an additional 1,359 shares in the last quarter. Aperio Group LLC acquired a new position in Diamond Hill Investment Group during the 1st quarter worth approximately $218,000. Northern Trust Corp lifted its position in 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 worth $8,374,000 after acquiring an additional 466 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Diamond Hill Investment Group by 3.7% during the 1st quarter. BlackRock Inc. now owns 238,630 shares of the asset manager’s stock worth $49,292,000 after acquiring an additional 8,509 shares in the last quarter. 59.81% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on DHIL shares. BidaskClub raised Diamond Hill Investment Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 28th. ValuEngine lowered Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th.

Shares of DHIL opened at $166.85 on Friday. Diamond Hill Investment Group, Inc. has a 52-week low of $161.10 and a 52-week high of $219.90. The company has a market capitalization of $583.85 million, a price-to-earnings ratio of 11.49 and a beta of 0.82.

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

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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Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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