Diamond Hill Investment Group, Inc. $DHIL Shares Bought by Cwm LLC

Cwm LLC grew its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 84.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,102 shares of the asset manager’s stock after purchasing an additional 503 shares during the period. Cwm LLC’s holdings in Diamond Hill Investment Group were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC grew its holdings in Diamond Hill Investment Group by 4.6% during the second quarter. Concurrent Investment Advisors LLC now owns 24,813 shares of the asset manager’s stock worth $3,606,000 after acquiring an additional 1,100 shares during the period. Inspire Investing LLC grew its stake in shares of Diamond Hill Investment Group by 12.3% during the 2nd quarter. Inspire Investing LLC now owns 2,691 shares of the asset manager’s stock worth $391,000 after purchasing an additional 295 shares during the period. Abundance Wealth Counselors grew its stake in shares of Diamond Hill Investment Group by 3.8% during the 2nd quarter. Abundance Wealth Counselors now owns 5,075 shares of the asset manager’s stock worth $738,000 after purchasing an additional 187 shares during the period. Parallel Advisors LLC grew its stake in shares of Diamond Hill Investment Group by 47.4% during the 2nd quarter. Parallel Advisors LLC now owns 662 shares of the asset manager’s stock worth $96,000 after purchasing an additional 213 shares during the period. Finally, Trinity Financial Advisors LLC acquired a new position in shares of Diamond Hill Investment Group during the 2nd quarter worth $509,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

DHIL stock opened at $126.29 on Friday. The stock has a market capitalization of $344.14 million, a P/E ratio of 7.18 and a beta of 0.81. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The company has a 50 day moving average price of $140.60 and a two-hundred day moving average price of $141.49.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings results on Thursday, October 30th. The asset manager reported $3.24 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.

Insider Transactions at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Paula R. Meyer sold 350 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $141.80, for a total transaction of $49,630.00. Following the completion of the sale, the director owned 3,763 shares of the company’s stock, valued at approximately $533,593.40. The trade was a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $141.10, for a total value of $35,275.00. Following the sale, the director owned 2,534 shares of the company’s stock, valued at $357,547.40. The trade was a 8.98% decrease in their position. The SEC filing for this sale provides additional information. 4.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DHIL shares. Wall Street Zen upgraded shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Diamond Hill Investment Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Diamond Hill Investment Group

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.