Diamond Hill Investment Group, Inc. (DHIL) Stake Lessened by Motley Fool Asset Management LLC

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Motley Fool Asset Management LLC cut its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 7.2% during the first quarter, HoldingsChannel reports. The firm owned 40,808 shares of the asset manager’s stock after selling 3,151 shares during the period. Motley Fool Asset Management LLC’s holdings in Diamond Hill Investment Group were worth $5,713,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DHIL. Bank of New York Mellon Corp increased its holdings in shares of Diamond Hill Investment Group by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 16,599 shares of the asset manager’s stock valued at $2,746,000 after acquiring an additional 353 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Diamond Hill Investment Group by 50.8% during the third quarter. MetLife Investment Advisors LLC now owns 2,331 shares of the asset manager’s stock valued at $386,000 after buying an additional 785 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Diamond Hill Investment Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 155,437 shares of the asset manager’s stock valued at $25,707,000 after buying an additional 665 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Diamond Hill Investment Group by 0.4% during the third quarter. Vanguard Group Inc now owns 155,437 shares of the asset manager’s stock valued at $25,707,000 after buying an additional 665 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Diamond Hill Investment Group by 3.8% during the third quarter. Teachers Advisors LLC now owns 7,285 shares of the asset manager’s stock valued at $1,205,000 after buying an additional 265 shares during the last quarter. 57.17% of the stock is currently owned by institutional investors and hedge funds.

DHIL has been the topic of several analyst reports. BidaskClub cut Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. ValuEngine cut Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.

Shares of NASDAQ:DHIL opened at $144.30 on Friday. The company has a market cap of $495.39 million, a P/E ratio of 10.91 and a beta of 0.67. Diamond Hill Investment Group, Inc. has a 12-month low of $132.51 and a 12-month high of $202.94.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Thursday, February 21st. The asset manager reported $2.78 earnings per share (EPS) for the quarter. The company had revenue of $34.45 million for the quarter. Diamond Hill Investment Group had a return on equity of 21.83% and a net margin of 36.55%.

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About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.

Further Reading: Percentage Gainers

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Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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