Diamond Hill Investment Group (NASDAQ:DHIL) Raised to Strong-Buy at 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 issued 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 capitalization of $452.38 million, a P/E ratio of 9.31 and a beta of 1.00. Diamond Hill Investment Group has a 52 week low of $135.44 and a 52 week high of $173.98. The company has a 50 day moving average price of $156.71 and a 200 day moving average price of $153.03.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DHIL. Frazier Financial Advisors LLC acquired a new position in Diamond Hill Investment Group during the third quarter worth $76,000. Western Pacific Wealth Management LP purchased a new stake in shares of Diamond Hill Investment Group in the third quarter valued at $81,000. Allspring Global Investments Holdings LLC grew its position in shares of Diamond Hill Investment Group by 76.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 320 shares during the period. EntryPoint Capital LLC grew its position in Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 922 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Diamond Hill Investment Group during the second quarter valued at about $214,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.