Diamond Hill Investment Group, Inc. $DHIL Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lowered its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 21.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 24,846 shares of the asset manager’s stock after selling 6,842 shares during the period. Alps Advisors Inc. owned about 0.91% of Diamond Hill Investment Group worth $3,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Diamond Hill Investment Group by 1,018.8% during the second quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock worth $26,000 after acquiring an additional 163 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Diamond Hill Investment Group during the 3rd quarter worth approximately $38,000. Tower Research Capital LLC TRC increased its holdings in shares of Diamond Hill Investment Group by 319.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 281 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 214 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Diamond Hill Investment Group during the 2nd quarter valued at approximately $62,000. Finally, CWM LLC lifted its stake in shares of Diamond Hill Investment Group by 84.0% in the 2nd quarter. CWM LLC now owns 1,102 shares of the asset manager’s stock valued at $160,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Price Performance

DHIL opened at $171.00 on Tuesday. The firm’s fifty day simple moving average is $162.57 and its two-hundred day simple moving average is $146.43. Diamond Hill Investment Group, Inc. has a 52-week low of $114.11 and a 52-week high of $172.13. The company has a market cap of $463.41 million, a price-to-earnings ratio of 9.93 and a beta of 0.78.

Analysts Set New Price Targets

A number of research firms have weighed in on DHIL. Wall Street Zen cut shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.