Diamond Hill Investment Group (NASDAQ:DHIL) Shares Pass Above 200 Day Moving Average – What’s Next?

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $145.45 and traded as high as $170.85. Diamond Hill Investment Group shares last traded at $170.66, with a volume of 13,317 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHIL. Wall Street Zen lowered Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Diamond Hill Investment Group presently has an average rating of “Hold”.

Diamond Hill Investment Group Stock Up 0.1%

The stock’s 50-day simple moving average is $154.25 and its 200 day simple moving average is $145.45. The firm has a market cap of $462.49 million, a P/E ratio of 9.91 and a beta of 0.78.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Thursday, October 30th. The asset manager reported $3.24 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 20.71% and a net margin of 31.32%.The company had revenue of $37.40 million for the quarter.

Hedge Funds Weigh In On Diamond Hill Investment Group

A number of institutional investors and hedge funds have recently modified their holdings of DHIL. CWM LLC grew its position in shares of Diamond Hill Investment Group by 55.0% during the 4th quarter. CWM LLC now owns 2,996 shares of the asset manager’s stock worth $508,000 after buying an additional 1,063 shares during the period. Abundance Wealth Counselors boosted its stake in Diamond Hill Investment Group by 26.2% during the fourth quarter. Abundance Wealth Counselors now owns 6,686 shares of the asset manager’s stock worth $1,133,000 after acquiring an additional 1,390 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Diamond Hill Investment Group by 1,232.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,906 shares of the asset manager’s stock worth $323,000 after purchasing an additional 1,763 shares during the period. CIBRA Capital Ltd bought a new stake in Diamond Hill Investment Group in the fourth quarter valued at $1,090,000. Finally, SG Americas Securities LLC raised its holdings in shares of Diamond Hill Investment Group by 129.5% during the fourth quarter. SG Americas Securities LLC now owns 2,860 shares of the asset manager’s stock valued at $485,000 after purchasing an additional 1,614 shares during the period. 65.50% of the stock is currently owned by institutional investors.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc is an independent, employee‐owned investment management firm that provides a range of equity and fixed income strategies to institutional and individual clients. The company’s investment approach is driven by bottom‐up fundamental research, emphasizing risk management and long‐term value creation. Through a disciplined portfolio construction process, Diamond Hill seeks to deliver differentiated returns across market environments.

The firm offers a suite of investment products, including small‐, mid‐ and large‐cap U.S.