Royce & Associates LP Has $19.77 Million Stock Position in Diamond Hill Investment Group, Inc. $DHIL

Royce & Associates LP lessened its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,193 shares of the asset manager’s stock after selling 35,510 shares during the period. Royce & Associates LP owned about 0.05% of Diamond Hill Investment Group worth $19,768,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DHIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Diamond Hill Investment Group by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,581 shares of the asset manager’s stock worth $226,000 after purchasing an additional 78 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Diamond Hill Investment Group by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 7,894 shares of the asset manager’s stock worth $1,105,000 after buying an additional 78 shares in the last quarter. BCGM Wealth Management LLC raised its position in Diamond Hill Investment Group by 0.5% in the 2nd quarter. BCGM Wealth Management LLC now owns 19,675 shares of the asset manager’s stock valued at $2,859,000 after buying an additional 105 shares during the last quarter. Rhumbline Advisers lifted its stake in Diamond Hill Investment Group by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 4,302 shares of the asset manager’s stock valued at $625,000 after acquiring an additional 148 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Diamond Hill Investment Group by 1,018.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL opened at $171.87 on Monday. The company has a market capitalization of $465.08 million, a PE ratio of 9.60 and a beta of 0.78. Diamond Hill Investment Group, Inc. has a 52-week low of $114.11 and a 52-week high of $172.45. The company has a 50-day simple moving average of $170.53 and a 200 day simple moving average of $149.17.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Thursday, February 26th. The asset manager reported $2.24 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 33.15% and a return on equity of 18.08%. The firm had revenue of $36.55 million for the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DHIL shares. Wall Street Zen downgraded shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings raised shares of Diamond Hill Investment Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc is an independent, employee‐owned investment management firm that provides a range of equity and fixed income strategies to institutional and individual clients. The company’s investment approach is driven by bottom‐up fundamental research, emphasizing risk management and long‐term value creation. Through a disciplined portfolio construction process, Diamond Hill seeks to deliver differentiated returns across market environments.

The firm offers a suite of investment products, including small‐, mid‐ and large‐cap U.S.