Diamond Hill Investment Group (NASDAQ:DHIL) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $146.25 and traded as high as $171.10. Diamond Hill Investment Group shares last traded at $170.76, with a volume of 16,406 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Diamond Hill Investment Group Stock Up 0.1%

The stock has a market cap of $463.41 million, a P/E ratio of 9.93 and a beta of 0.78. The firm’s 50-day moving average is $161.47 and its two-hundred day moving average is $146.38.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHIL. Concurrent Investment Advisors LLC raised its holdings in Diamond Hill Investment Group by 172.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 67,613 shares of the asset manager’s stock worth $9,466,000 after acquiring an additional 42,800 shares during the period. Gabelli Funds LLC increased its position in Diamond Hill Investment Group by 199.0% in the 4th quarter. Gabelli Funds LLC now owns 51,120 shares of the asset manager’s stock worth $8,665,000 after buying an additional 34,024 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 47.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 66,443 shares of the asset manager’s stock worth $9,303,000 after buying an additional 21,298 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $3,407,000. Finally, Millennium Management LLC boosted its position in shares of Diamond Hill Investment Group by 69.4% in the first quarter. Millennium Management LLC now owns 48,739 shares of the asset manager’s stock valued at $6,962,000 after acquiring an additional 19,962 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

About Diamond Hill Investment Group

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.