Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Update

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 47,069 shares, a decline of 14.2% from the February 12th total of 54,874 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 39,269 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 39,269 shares, the short-interest ratio is presently 1.2 days. Approximately 1.8% of the company’s shares are sold short.

Diamond Hill Investment Group Trading Down 0.3%

Shares of DHIL opened at $172.64 on Wednesday. The company has a market cap of $467.85 million, a price-to-earnings ratio of 9.64 and a beta of 0.79. The business’s fifty day simple moving average is $171.20 and its two-hundred day simple moving average is $151.44. Diamond Hill Investment Group has a 12 month low of $114.11 and a 12 month high of $173.70.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Thursday, February 26th. The asset manager reported $2.24 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 33.15% and a return on equity of 18.08%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Diamond Hill Investment Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Diamond Hill Investment Group currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DHIL. JPMorgan Chase & Co. lifted its position in shares of Diamond Hill Investment Group by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 7,894 shares of the asset manager’s stock valued at $1,105,000 after acquiring an additional 78 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Diamond Hill Investment Group by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,581 shares of the asset manager’s stock worth $226,000 after purchasing an additional 78 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Diamond Hill Investment Group by 46.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 283 shares of the asset manager’s stock worth $48,000 after purchasing an additional 90 shares in the last quarter. First Trust Advisors LP raised its stake in Diamond Hill Investment Group by 1.7% during the 4th quarter. First Trust Advisors LP now owns 7,953 shares of the asset manager’s stock valued at $1,348,000 after purchasing an additional 135 shares during the period. Finally, Rhumbline Advisers raised its stake in Diamond Hill Investment Group by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 4,302 shares of the asset manager’s stock valued at $625,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Company Profile

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.