Diamond Hill Investment Group (DHIL) Upgraded to Hold by BidaskClub

Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Diamond Hill Investment Group (NASDAQ DHIL) traded up $3.21 during mid-day trading on Friday, hitting $202.20. 10,133 shares of the company’s stock traded hands, compared to its average volume of 7,396. The stock has a market capitalization of $690.35, a price-to-earnings ratio of 13.45 and a beta of 0.89. Diamond Hill Investment Group has a 1-year low of $182.50 and a 1-year high of $219.90.

In related news, Director Roderick H. Dillon, Jr. sold 13,481 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $215.83, for a total value of $2,909,604.23. Following the completion of the transaction, the director now directly owns 93,213 shares of the company’s stock, valued at approximately $20,118,161.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roderick H. Dillon, Jr. sold 2,127 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $215.46, for a total transaction of $458,283.42. Following the completion of the transaction, the director now directly owns 93,213 shares of the company’s stock, valued at $20,083,672.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,297 shares of company stock valued at $5,410,516. Insiders own 7.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in DHIL. SG Americas Securities LLC purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $175,000. Acadian Asset Management LLC purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $219,000. Parametric Portfolio Associates LLC purchased a new position in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $225,000. Teacher Retirement System of Texas purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $242,000. Finally, Robotti Robert purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $289,000. 61.79% of the stock is owned by hedge funds and other institutional investors.

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Diamond Hill Investment Group Company Profile

Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.

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