Diamond Hill Investment Group, Inc. (DHIL) Stake Boosted by Tdam USA Inc.
Tdam USA Inc. increased its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 30.6% during the second quarter, Holdings Channel reports. The firm owned 5,117 shares of the asset manager’s stock after buying an additional 1,198 shares during the period. Tdam USA Inc.’s holdings in Diamond Hill Investment Group were worth $1,020,000 as of its most recent filing with the SEC.
Shares of Diamond Hill Investment Group, Inc. (DHIL) opened at 196.61 on Wednesday. The stock’s 50 day moving average price is $199.77 and its 200 day moving average price is $198.87. The company has a market cap of $640.36 million, a P/E ratio of 12.87 and a beta of 0.93. Diamond Hill Investment Group, Inc. has a 1-year low of $170.00 and a 1-year high of $217.68.
Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $3.66 earnings per share for the quarter. The company had revenue of $35.54 million during the quarter. Diamond Hill Investment Group had a return on equity of 34.36% and a net margin of 36.52%. Equities research 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 downgraded Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.
In other news, Director James F. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $206.88, for a total value of $206,880.00. Following the completion of the transaction, the director now owns 40,062 shares in the company, valued at approximately $8,288,026.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lisa M. Wesolek sold 143 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $206.50, for a total value of $29,529.50. Following the completion of the transaction, the chief operating officer now owns 24,508 shares of the company’s stock, valued at approximately $5,060,902. The disclosure for this sale can be found here. Insiders sold a total of 5,395 shares of company stock valued at $1,112,279 in the last 90 days. 7.30% of the stock is owned by corporate insiders.
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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