StockNews.com Lowers Diamond Hill Investment Group (NASDAQ:DHIL) to Hold

Diamond Hill Investment Group (NASDAQ:DHILGet Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $188.27 on Wednesday. Diamond Hill Investment Group has a one year low of $163.90 and a one year high of $234.84. The stock has a market cap of $583.64 million, a P/E ratio of 10.48 and a beta of 1.00. The company has a fifty day moving average price of $179.30 and a two-hundred day moving average price of $181.07.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DHIL. MCF Advisors LLC purchased a new position in Diamond Hill Investment Group in the 1st quarter worth $28,000. UMB Bank N A MO purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter worth $29,000. Dorsey Wright & Associates purchased a new position in Diamond Hill Investment Group during the second quarter valued at $36,000. Tyler Stone Wealth Management bought a new stake in shares of Diamond Hill Investment Group in the fourth quarter worth about $39,000. Finally, Signaturefd LLC raised its position in Diamond Hill Investment Group by 54.1% during the first quarter. Signaturefd LLC now owns 208 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 61.97% of the company’s stock.

About Diamond Hill Investment Group

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Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs.

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