Insider Selling: Diamond Hill Investment Group, Inc. (DHIL) Director Sells $534,700.00 in Stock
Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 2,500 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $213.88, for a total transaction of $534,700.00. Following the completion of the sale, the director now directly owns 37,562 shares in the company, valued at $8,033,760.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) opened at 212.35 on Monday. Diamond Hill Investment Group, Inc. has a 1-year low of $170.00 and a 1-year high of $217.68. The stock’s 50 day moving average price is $194.71 and its 200-day moving average price is $197.07. The company has a market cap of $691.62 million, a PE ratio of 13.90 and a beta of 0.95.
Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings results on Wednesday, July 26th. The asset manager reported $3.66 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 36.52% and a return on equity of 34.36%. The business had revenue of $35.54 million during the quarter. On average, analysts forecast that Diamond Hill Investment Group, Inc. will post $3.28 earnings per share for the current year.
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Separately, BidaskClub lowered Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHIL. Parametric Portfolio Associates LLC acquired a new position in Diamond Hill Investment Group in the second quarter valued at approximately $225,000. Rational Advisors LLC purchased a new position in Diamond Hill Investment Group in the second quarter worth approximately $279,000. Principal Financial Group Inc. acquired a new stake in Diamond Hill Investment Group during the second quarter worth $297,000. Stifel Financial Corp increased its stake 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 last quarter. Finally, Voya Investment Management LLC increased its stake 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 last quarter. Hedge funds and other institutional investors own 61.42% of the company’s stock.
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.
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