Insider Selling: Diamond Hill Investment Group, Inc. (DHIL) Director Sells 500 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Roderick H. Dillon, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $215.10, for a total value of $107,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Diamond Hill Investment Group, Inc. (NASDAQ DHIL) opened at $213.34 on Friday. Diamond Hill Investment Group, Inc. has a 52 week low of $182.50 and a 52 week high of $219.90. The company has a market capitalization of $740.14, a P/E ratio of 14.19 and a beta of 0.94.

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

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in Diamond Hill Investment Group during the fourth quarter worth $219,000. Parametric Portfolio Associates LLC acquired a new position in Diamond Hill Investment Group during the second quarter worth $225,000. Principal Financial Group Inc. acquired a new position in Diamond Hill Investment Group during the second quarter worth $297,000. Stifel Financial Corp grew its holdings in Diamond Hill Investment Group by 2.9% during the second quarter. Stifel Financial Corp now owns 1,533 shares of the asset manager’s stock worth $306,000 after acquiring an additional 43 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Diamond Hill Investment Group by 14.9% during the second quarter. Voya Investment Management LLC now owns 1,564 shares of the asset manager’s stock worth $312,000 after acquiring an additional 203 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research note on Thursday.

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About Diamond Hill Investment Group

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.

Insider Buying and Selling by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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