BidaskClub upgraded shares of Diamond Hill Investment Group (NASDAQ:DHIL) from a sell rating to a hold rating in a research note released on Saturday.

Diamond Hill Investment Group (DHIL) opened at $203.90 on Friday. The firm has a market capitalization of $707.38, a P/E ratio of 13.58 and a beta of 0.88. Diamond Hill Investment Group has a fifty-two week low of $182.50 and a fifty-two week high of $219.90.

In other Diamond Hill Investment Group news, Director Roderick H. Dillon, Jr. sold 3,618 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $215.24, for a total value of $778,738.32. Following the transaction, the director now directly owns 77,741 shares of the company’s stock, valued at approximately $16,732,972.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roderick H. Dillon, Jr. sold 2,127 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $215.46, for a total value of $458,283.42. Following the completion of the transaction, the director now directly owns 93,213 shares in the company, valued at $20,083,672.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,297 shares of company stock valued at $5,410,516. 7.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Diamond Hill Investment Group by 5.6% in the 2nd quarter. State Street Corp now owns 57,314 shares of the asset manager’s stock valued at $11,432,000 after purchasing an additional 3,021 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $297,000. Wells Fargo & Company MN raised its position in shares of Diamond Hill Investment Group by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 193,198 shares of the asset manager’s stock valued at $41,025,000 after purchasing an additional 1,002 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Diamond Hill Investment Group by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 80,833 shares of the asset manager’s stock valued at $16,118,000 after purchasing an additional 8,282 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $355,000. 61.79% of the stock is currently owned by institutional investors.

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About Diamond Hill Investment Group

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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