Parallel Advisors LLC Boosts Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Parallel Advisors LLC raised its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 465.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,680 shares of the asset manager’s stock after buying an additional 1,383 shares during the period. Parallel Advisors LLC’s holdings in Diamond Hill Investment Group were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Diamond Hill Investment Group by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 120,495 shares of the asset manager’s stock worth $18,008,000 after purchasing an additional 1,578 shares during the last quarter. Vivaldi Asset Management LLC raised its stake in Diamond Hill Investment Group by 149.2% during the first quarter. Vivaldi Asset Management LLC now owns 42,883 shares of the asset manager’s stock worth $6,004,000 after acquiring an additional 25,672 shares during the period. FMR LLC raised its stake in Diamond Hill Investment Group by 17.5% during the first quarter. FMR LLC now owns 40,201 shares of the asset manager’s stock worth $5,629,000 after acquiring an additional 5,998 shares during the period. Balter Liquid Alternatives LLC raised its stake in Diamond Hill Investment Group by 209.2% during the second quarter. Balter Liquid Alternatives LLC now owns 17,757 shares of the asset manager’s stock worth $2,517,000 after acquiring an additional 12,015 shares during the period. Finally, Aperio Group LLC raised its stake in Diamond Hill Investment Group by 95.5% during the second quarter. Aperio Group LLC now owns 16,055 shares of the asset manager’s stock worth $2,275,000 after acquiring an additional 7,842 shares during the period. 55.53% of the stock is owned by institutional investors.

Separately, BidaskClub lowered shares of Diamond Hill Investment Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday.

DHIL remained flat at $$128.80 on Friday. 122 shares of the company traded hands, compared to its average volume of 20,666. The firm has a market capitalization of $441.78 million, a price-to-earnings ratio of 10.35 and a beta of 0.58. Diamond Hill Investment Group, Inc. has a 52-week low of $126.00 and a 52-week high of $188.75. The company’s fifty day simple moving average is $137.17 and its two-hundred day simple moving average is $141.64.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $2.87 earnings per share for the quarter. The firm had revenue of $33.55 million for the quarter. Diamond Hill Investment Group had a net margin of 36.33% and a return on equity of 20.34%.

Diamond Hill Investment Group Profile

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.

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

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