Victory Capital Management Inc. increased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,462 shares of the asset manager’s stock after purchasing an additional 250 shares during the period. Victory Capital Management Inc. owned 0.17% of Diamond Hill Investment Group worth $1,089,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DHIL. SG Americas Securities LLC bought a new stake in shares of Diamond Hill Investment Group during the 2nd quarter valued at $446,000. Rational Advisors LLC bought a new stake in Diamond Hill Investment Group in the 2nd quarter valued at $279,000. Tdam USA Inc. increased its holdings in Diamond Hill Investment Group by 30.6% in the 2nd quarter. Tdam USA Inc. now owns 5,117 shares of the asset manager’s stock valued at $1,020,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Diamond Hill Investment Group by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,778 shares of the asset manager’s stock valued at $2,349,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 61.42% of the company’s stock.

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Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) opened at 199.59 on Friday. The stock has a market capitalization of $650.06 million, a PE ratio of 13.06 and a beta of 0.95. The firm has a 50 day moving average of $194.39 and a 200-day moving average of $197.13. Diamond Hill Investment Group, Inc. has a 52 week low of $170.00 and a 52 week high of $217.68.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Wednesday, July 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 36.52% and a return on equity of 34.36%. The firm had revenue of $35.54 million during the quarter. On average, equities analysts predict that Diamond Hill Investment Group, Inc. will post $3.28 EPS for the current year.

Separately, BidaskClub downgraded shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

Diamond Hill Investment Group 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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Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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