Diamond Hill Investment Group (NASDAQ:DHIL) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

DHIL opened at $114.03 on Wednesday. The company has a market cap of $369.46 million, a PE ratio of 9.83 and a beta of 1.04. Diamond Hill Investment Group has a twelve month low of $75.00 and a twelve month high of $150.00. The company has a 50-day moving average price of $114.67 and a 200 day moving average price of $114.91.

In other news, Director Randolph J. Fortener sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $111.22, for a total value of $111,220.00. Following the transaction, the director now directly owns 8,600 shares of the company’s stock, valued at $956,492. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in Diamond Hill Investment Group by 37.1% during the first quarter. Citigroup Inc. now owns 880 shares of the asset manager’s stock worth $79,000 after buying an additional 238 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 period. SG Americas Securities LLC boosted its position in shares of Diamond Hill Investment Group by 63.5% during the 1st quarter. SG Americas Securities LLC now owns 1,277 shares of the asset manager’s stock valued at $115,000 after acquiring an additional 496 shares during the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Diamond Hill Investment Group in the first quarter valued at about $189,000. Finally, Camelot Portfolios LLC acquired a new stake in Diamond Hill Investment Group during the second quarter worth about $204,000. 52.63% of the stock is owned by hedge funds and other institutional investors.

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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