Diamond Hill Investment Group, Inc. $DHIL Shares Purchased by Concurrent Investment Advisors LLC

by · The Cerbat Gem

Concurrent Investment Advisors LLC increased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Free Report) by 172.5% in the third quarter, HoldingsChannel.com reports. The firm owned 67,613 shares of the asset manager’s stock after buying an additional 42,800 shares during the period. Concurrent Investment Advisors LLC’s holdings in Diamond Hill Investment Group were worth $9,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Diamond Hill Investment Group by 1,018.8% during the second quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Diamond Hill Investment Group by 319.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 281 shares of the asset manager’s stock worth $41,000 after acquiring an additional 214 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Diamond Hill Investment Group during the 2nd quarter valued at about $62,000. Parallel Advisors LLC grew its position in Diamond Hill Investment Group by 47.4% in the 2nd quarter. Parallel Advisors LLC now owns 662 shares of the asset manager’s stock valued at $96,000 after acquiring an additional 213 shares in the last quarter. Finally, CWM LLC grew its position in Diamond Hill Investment Group by 84.0% in the 2nd quarter. CWM LLC now owns 1,102 shares of the asset manager’s stock valued at $160,000 after acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

Shares of Diamond Hill Investment Group stock opened at $170.70 on Tuesday. The company has a market capitalization of $462.60 million, a P/E ratio of 9.91 and a beta of 0.78. Diamond Hill Investment Group, Inc. has a 1 year low of $114.11 and a 1 year high of $171.43. The company’s fifty day moving average is $144.57 and its two-hundred day moving average is $143.95.

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

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 21st. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 34.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, October 8th. Wall Street Zen cut Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on Diamond Hill Investment Group

About Diamond Hill Investment Group

(Free Report)

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.

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