Renaissance Technologies LLC Has $22.63 Million Position in Diamond Hill Investment Group, Inc. (DHIL)

Renaissance Technologies LLC lifted its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,500 shares of the asset manager’s stock after acquiring an additional 9,400 shares during the period. Renaissance Technologies LLC owned approximately 3.16% of Diamond Hill Investment Group worth $22,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in DHIL. Parametric Portfolio Associates LLC bought a new stake in Diamond Hill Investment Group in the 2nd quarter worth approximately $225,000. State Street Corp grew its position in Diamond Hill Investment Group by 5.6% in the 2nd quarter. State Street Corp now owns 57,314 shares of the asset manager’s stock worth $11,432,000 after purchasing an additional 3,021 shares during the period. The Manufacturers Life Insurance Company grew its position in Diamond Hill Investment Group by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,438 shares of the asset manager’s stock worth $486,000 after purchasing an additional 32 shares during the period. First Trust Advisors LP bought a new stake in Diamond Hill Investment Group in the 3rd quarter worth approximately $539,000. Finally, Russell Investments Group Ltd. grew its position in Diamond Hill Investment Group by 1.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 20,215 shares of the asset manager’s stock worth $4,293,000 after purchasing an additional 359 shares during the period. 60.02% of the stock is owned by institutional investors.

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In other news, Director Roderick H. Dillon, Jr. sold 399 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $215.19, for a total transaction of $85,860.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roderick H. Dillon, Jr. sold 3,618 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $215.24, for a total transaction of $778,738.32. Following the sale, the director now directly owns 77,741 shares of the company’s stock, valued at approximately $16,732,972.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,026 shares of company stock valued at $1,698,968. 6.40% of the stock is currently owned by insiders.

Shares of Diamond Hill Investment Group stock opened at $198.91 on Friday. Diamond Hill Investment Group, Inc. has a 1 year low of $187.20 and a 1 year high of $219.90. The company has a market cap of $698.09, a P/E ratio of 13.75 and a beta of 0.89.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its earnings results on Thursday, February 22nd. The asset manager reported $3.43 EPS for the quarter. Diamond Hill Investment Group had a net margin of 34.43% and a return on equity of 29.19%. The business had revenue of $37.75 million during the quarter.

Separately, BidaskClub downgraded shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th.

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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.

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

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