Short Interest in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Declines By 7.4%

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 96,900 shares, a decline of 7.4% from the August 30th total of 104,700 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 19,700 shares, the days-to-cover ratio is currently 4.9 days.

Large investors have recently modified their holdings of the company. Quantamental Technologies LLC grew its position in shares of Diamond Hill Investment Group by 198.1% during the 2nd quarter. Quantamental Technologies LLC now owns 307 shares of the asset manager’s stock worth $44,000 after buying an additional 204 shares during the period. Balter Liquid Alternatives LLC grew its holdings in Diamond Hill Investment Group by 209.2% during the second quarter. Balter Liquid Alternatives LLC now owns 17,757 shares of the asset manager’s stock valued at $2,517,000 after purchasing an additional 12,015 shares during the period. Aperio Group LLC grew its holdings in Diamond Hill Investment Group by 95.5% during the second quarter. Aperio Group LLC now owns 16,055 shares of the asset manager’s stock valued at $2,275,000 after purchasing an additional 7,842 shares during the period. Renaissance Technologies LLC grew its holdings in Diamond Hill Investment Group by 6.4% during the second quarter. Renaissance Technologies LLC now owns 129,486 shares of the asset manager’s stock valued at $18,351,000 after purchasing an additional 7,753 shares during the period. Finally, Denali Advisors LLC grew its holdings in Diamond Hill Investment Group by 233.3% during the second quarter. Denali Advisors LLC now owns 1,000 shares of the asset manager’s stock valued at $142,000 after purchasing an additional 700 shares during the period. Institutional investors own 56.46% of the company’s stock.

Shares of NASDAQ:DHIL opened at $135.80 on Tuesday. Diamond Hill Investment Group has a one year low of $124.57 and a one year high of $179.51. The company has a 50 day moving average of $134.77 and a 200-day moving average of $139.07. The stock has a market cap of $461.04 million, a price-to-earnings ratio of 10.92 and a beta of 0.57.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $2.87 EPS for the quarter. Diamond Hill Investment Group had a net margin of 36.33% and a return on equity of 20.34%. The company had revenue of $33.55 million during the quarter.

Several equities research analysts have recently commented on DHIL shares. BidaskClub upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. ValuEngine upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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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