Diamond Hill Investment Group (DHIL) Reaches New 12-Month Low at $157.05

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Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $157.05 and last traded at $159.00, with a volume of 231 shares traded. The stock had previously closed at $165.17.

DHIL has been the topic of several analyst reports. BidaskClub lowered shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. ValuEngine lowered shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th.

The stock has a market capitalization of $554.47 million, a PE ratio of 10.90 and a beta of 0.63.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Tuesday, October 30th. The asset manager reported $3.76 EPS for the quarter. Diamond Hill Investment Group had a net margin of 36.57% and a return on equity of 25.54%. The firm had revenue of $37.47 million for the quarter.

The business also recently disclosed a dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, December 3rd will be issued a $8.00 dividend. This is an increase from Diamond Hill Investment Group’s previous dividend of $7.00. The ex-dividend date of this dividend is Friday, November 30th.

Several large investors have recently added to or reduced their stakes in DHIL. BlackRock Inc. increased its holdings in shares of Diamond Hill Investment Group by 15.2% in the second quarter. BlackRock Inc. now owns 274,810 shares of the asset manager’s stock valued at $53,432,000 after purchasing an additional 36,180 shares during the last quarter. Barr E S & Co. increased its holdings in shares of Diamond Hill Investment Group by 30.8% in the third quarter. Barr E S & Co. now owns 81,272 shares of the asset manager’s stock valued at $13,442,000 after purchasing an additional 19,160 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diamond Hill Investment Group by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 110,660 shares of the asset manager’s stock valued at $21,516,000 after purchasing an additional 13,576 shares during the last quarter. Fenimore Asset Management Inc. increased its holdings in shares of Diamond Hill Investment Group by 20.5% in the third quarter. Fenimore Asset Management Inc. now owns 74,239 shares of the asset manager’s stock valued at $12,278,000 after purchasing an additional 12,613 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Diamond Hill Investment Group by 217.5% in the third quarter. Assenagon Asset Management S.A. now owns 15,058 shares of the asset manager’s stock valued at $2,490,000 after purchasing an additional 10,315 shares during the last quarter. Hedge funds and other institutional investors own 58.62% of the company’s stock.

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Diamond Hill Investment Group Company Profile (NASDAQ:DHIL)

Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.

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