Allspring Global Investments Holdings LLC Acquires New Shares in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Allspring Global Investments Holdings LLC acquired a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,401 shares of the asset manager’s stock, valued at approximately $527,000. Allspring Global Investments Holdings LLC owned approximately 0.12% of Diamond Hill Investment Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evergreen Wealth Management LLC lifted its position in Diamond Hill Investment Group by 62.1% in the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 10,138 shares in the last quarter. Barclays PLC raised its stake in Diamond Hill Investment Group by 279.9% during the 3rd quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after buying an additional 3,429 shares during the last quarter. Geode Capital Management LLC raised its stake in Diamond Hill Investment Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock valued at $11,797,000 after buying an additional 1,215 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Diamond Hill Investment Group by 66.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock valued at $1,820,000 after buying an additional 4,493 shares during the last quarter. Finally, Creative Planning purchased a new stake in Diamond Hill Investment Group during the 3rd quarter valued at $354,000. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Trading Up 0.3 %

Shares of DHIL opened at $146.61 on Tuesday. The firm has a market cap of $399.22 million, a PE ratio of 8.30 and a beta of 1.02. The firm has a fifty day simple moving average of $150.05 and a two-hundred day simple moving average of $156.16. Diamond Hill Investment Group, Inc. has a 1-year low of $135.44 and a 1-year high of $173.25.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $152.25 per share, for a total transaction of $152,250.00. Following the purchase, the director now directly owns 9,387 shares of the company’s stock, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Company Profile

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 offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.