Diamond Hill Investment Group, Inc. (DHIL) Holdings Reduced by Wasatch Advisors Inc.

Wasatch Advisors Inc. lowered its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,292 shares of the asset manager’s stock after selling 439 shares during the quarter. Wasatch Advisors Inc. owned 0.44% of Diamond Hill Investment Group worth $3,160,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in Diamond Hill Investment Group in the fourth quarter valued at $351,000. Grandeur Peak Global Advisors LLC lifted its holdings in Diamond Hill Investment Group by 1.9% in the third quarter. Grandeur Peak Global Advisors LLC now owns 27,175 shares of the asset manager’s stock valued at $5,771,000 after acquiring an additional 500 shares during the period. OxFORD Asset Management LLP lifted its holdings in Diamond Hill Investment Group by 107.7% in the third quarter. OxFORD Asset Management LLP now owns 7,557 shares of the asset manager’s stock valued at $1,622,000 after acquiring an additional 3,918 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Diamond Hill Investment Group by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 84,649 shares of the asset manager’s stock valued at $17,975,000 after acquiring an additional 3,816 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Diamond Hill Investment Group by 20.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 14,186 shares of the asset manager’s stock valued at $3,013,000 after acquiring an additional 2,408 shares during the period. 60.95% of the stock is owned by institutional investors.

Separately, BidaskClub raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a report on Thursday.

Diamond Hill Investment Group, Inc. (DHIL) opened at $213.20 on Friday. The stock has a market capitalization of $739.65, a price-to-earnings ratio of 14.19 and a beta of 0.94. Diamond Hill Investment Group, Inc. has a one year low of $182.50 and a one year high of $219.90.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $3.67 earnings per share (EPS) for the quarter. The business had revenue of $36.77 million during the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%.

In other news, Director Roderick H. Dillon, Jr. sold 500 shares of Diamond Hill Investment Group stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $215.10, for a total transaction of $107,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Laird, Jr. sold 760 shares of Diamond Hill Investment Group stock in a transaction on Friday, December 8th. The stock was sold at an average price of $207.47, for a total value of $157,677.20. Following the transaction, the director now directly owns 34,302 shares of the company’s stock, valued at approximately $7,116,635.94. The disclosure for this sale can be found here. Insiders have sold a total of 21,679 shares of company stock valued at $4,631,778 in the last ninety days. Corporate insiders own 7.30% of the company’s stock.

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Diamond Hill Investment Group 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.

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

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