Diamond Hill Investment Group (NASDAQ:DHIL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Separately, ValuEngine downgraded Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research note on Friday, September 7th.

NASDAQ DHIL traded down $2.07 during trading hours on Friday, reaching $171.60. The company’s stock had a trading volume of 15,000 shares, compared to its average volume of 9,402. Diamond Hill Investment Group has a 1 year low of $161.10 and a 1 year high of $219.90. The stock has a market cap of $613.89 million, a PE ratio of 12.09 and a beta of 0.82.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Wednesday, August 1st. The asset manager reported $3.57 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 26.57% and a net margin of 35.05%. The business had revenue of $35.93 million for the quarter.

A number of large investors have recently added to or reduced their stakes in DHIL. BlackRock Inc. increased its stake in Diamond Hill Investment Group by 15.2% in the 2nd quarter. BlackRock Inc. now owns 274,810 shares of the asset manager’s stock worth $53,432,000 after acquiring an additional 36,180 shares during the last quarter. Fenimore Asset Management Inc. increased its stake in Diamond Hill Investment Group by 31.7% in the 2nd quarter. Fenimore Asset Management Inc. now owns 61,626 shares of the asset manager’s stock worth $11,982,000 after acquiring an additional 14,834 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Diamond Hill Investment Group by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 110,660 shares of the asset manager’s stock worth $21,516,000 after acquiring an additional 13,576 shares during the last quarter. Barr E S & Co. increased its stake in Diamond Hill Investment Group by 14.9% in the 2nd quarter. Barr E S & Co. now owns 62,112 shares of the asset manager’s stock worth $12,076,000 after acquiring an additional 8,078 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Diamond Hill Investment Group by 3.4% in the 2nd quarter. Wells Fargo & Company MN now owns 225,764 shares of the asset manager’s stock worth $43,896,000 after acquiring an additional 7,391 shares during the last quarter. 59.81% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Company 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.

Read More: What are the most popular ETFs

Receive News & Ratings for Diamond Hill Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Hill Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.