Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Update

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 80,000 shares, an increase of 30.7% from the March 31st total of 61,218 shares. Based on an average trading volume of 17,831 shares, the short-interest ratio is presently 4.5 days. Approximately 3.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Diamond Hill Investment Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Investors Weigh In On Diamond Hill Investment Group

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Diamond Hill Investment Group by 1,018.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Diamond Hill Investment Group in the third quarter valued at approximately $38,000. Clearstead Advisors LLC lifted its holdings in Diamond Hill Investment Group by 180.0% in the fourth quarter. Clearstead Advisors LLC now owns 238 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 153 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Diamond Hill Investment Group by 319.4% in the second quarter. Tower Research Capital LLC TRC now owns 281 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 214 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Diamond Hill Investment Group by 46.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 283 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 90 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock remained flat at $174.99 during trading hours on Friday. The stock had a trading volume of 36,300 shares, compared to its average volume of 31,499. Diamond Hill Investment Group has a 12-month low of $114.11 and a 12-month high of $175.00. The business’s 50 day moving average is $172.77 and its two-hundred day moving average is $158.38. The company has a market capitalization of $473.35 million, a PE ratio of 9.78 and a beta of 0.75.

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

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.