BidaskClub upgraded shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a strong sell rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

Separately, TheStreet raised Diamond Hill Investment Group from a c rating to a b- rating in a research report on Thursday, August 20th.

NASDAQ:DHIL opened at $124.49 on Friday. The firm has a market capitalization of $400.11 million, a price-to-earnings ratio of 10.73 and a beta of 1.10. Diamond Hill Investment Group has a twelve month low of $75.00 and a twelve month high of $150.00. The stock’s 50 day moving average price is $122.20 and its two-hundred day moving average price is $110.62.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter. The firm had revenue of $28.25 million for the quarter. Diamond Hill Investment Group had a return on equity of 19.64% and a net margin of 29.51%.

Hedge funds have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC increased its holdings in shares of Diamond Hill Investment Group by 91.8% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 328 shares of the asset manager’s stock worth $37,000 after acquiring an additional 157 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $45,000. Citigroup Inc. increased its holdings in shares of Diamond Hill Investment Group by 37.1% during the 1st quarter. Citigroup Inc. now owns 880 shares of the asset manager’s stock worth $79,000 after acquiring an additional 238 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Diamond Hill Investment Group by 92.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 986 shares of the asset manager’s stock worth $89,000 after acquiring an additional 474 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $114,000. 54.73% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Company Profile

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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