Diamond Hill Investment Group (NASDAQ:DHIL) Upgraded at BidaskClub

BidaskClub upgraded shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a hold rating to a buy rating in a research note published on Wednesday morning, BidAskClub reports.

Separately, ValuEngine raised Diamond Hill Investment Group from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

DHIL traded down $1.00 during mid-day trading on Wednesday, reaching $145.50. The stock had a trading volume of 16,600 shares, compared to its average volume of 16,932. The firm’s fifty day simple moving average is $136.57 and its two-hundred day simple moving average is $138.54. Diamond Hill Investment Group has a 52 week low of $124.57 and a 52 week high of $179.51. The stock has a market capitalization of $491.48 million, a P/E ratio of 12.78 and a beta of 0.55.

In related news, CEO Heather E. Brilliant acquired 500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $142.25 per share, for a total transaction of $71,125.00. Following the acquisition, the chief executive officer now directly owns 22,219 shares of the company’s stock, valued at $3,160,652.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James F. Laird, Jr. acquired 2,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $144.40 per share, with a total value of $361,000.00. Following the acquisition, the director now directly owns 27,500 shares in the company, valued at $3,971,000. The disclosure for this purchase can be found here. 6.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DHIL. HM Payson & Co. bought a new position in shares of Diamond Hill Investment Group in the 2nd quarter valued at about $28,000. Bank of Montreal Can bought a new position in Diamond Hill Investment Group during the second quarter worth about $39,000. Quantamental Technologies LLC grew its holdings in Diamond Hill Investment Group by 198.1% during the second quarter. Quantamental Technologies LLC now owns 307 shares of the asset manager’s stock worth $44,000 after purchasing an additional 204 shares during the period. US Bancorp DE bought a new position in Diamond Hill Investment Group during the second quarter worth about $49,000. Finally, Enterprise Financial Services Corp bought a new position in Diamond Hill Investment Group during the second quarter worth about $60,000. Institutional investors own 55.27% of the company’s stock.

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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