Diamond Hill Investment Group (NASDAQ:DHIL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $145.45 and traded as high as $170.85. Diamond Hill Investment Group shares last traded at $170.66, with a volume of 13,317 shares trading hands.

Wall Street Analysts Forecast Growth

DHIL has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamond Hill Investment Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diamond Hill Investment Group Trading Up 0.1%

The business’s 50 day moving average price is $154.25 and its two-hundred day moving average price is $145.45. The company has a market capitalization of $462.49 million, a price-to-earnings ratio of 9.91 and a beta of 0.78.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Thursday, October 30th. The asset manager reported $3.24 earnings per share (EPS) for the quarter. The business had revenue of $37.40 million during the quarter. Diamond Hill Investment Group had a net margin of 31.32% and a return on equity of 20.71%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its position in Diamond Hill Investment Group by 172.5% in the third quarter. Concurrent Investment Advisors LLC now owns 67,613 shares of the asset manager’s stock valued at $9,466,000 after purchasing an additional 42,800 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Diamond Hill Investment Group by 47.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 66,443 shares of the asset manager’s stock valued at $9,303,000 after buying an additional 21,298 shares during the last quarter. Millennium Management LLC boosted its position in Diamond Hill Investment Group by 69.4% during the 1st quarter. Millennium Management LLC now owns 48,739 shares of the asset manager’s stock worth $6,962,000 after buying an additional 19,962 shares during the period. BCGM Wealth Management LLC grew its holdings in Diamond Hill Investment Group by 65.6% during the 4th quarter. BCGM Wealth Management LLC now owns 33,779 shares of the asset manager’s stock worth $5,726,000 after acquiring an additional 13,385 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Diamond Hill Investment Group by 30.4% in the 3rd quarter. Two Sigma Investments LP now owns 48,804 shares of the asset manager’s stock valued at $6,833,000 after acquiring an additional 11,383 shares during the period. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Company Profile

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.