Goldman Sachs Group Inc. Trims Holdings in Diamond Hill Investment Group, Inc. (DHIL)

Goldman Sachs Group Inc. decreased its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 59.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,480 shares of the asset manager’s stock after selling 3,673 shares during the quarter. Goldman Sachs Group Inc. owned 0.08% of Diamond Hill Investment Group worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in DHIL. Parametric Portfolio Associates LLC bought a new stake in Diamond Hill Investment Group in the 2nd quarter worth approximately $225,000. Rational Advisors LLC bought a new stake in Diamond Hill Investment Group in the 2nd quarter worth approximately $279,000. Principal Financial Group Inc. bought a new stake in Diamond Hill Investment Group in the 2nd quarter worth approximately $297,000. Stifel Financial Corp increased its stake in Diamond Hill Investment Group by 2.9% in the 2nd quarter. Stifel Financial Corp now owns 1,533 shares of the asset manager’s stock worth $306,000 after acquiring an additional 43 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Diamond Hill Investment Group by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,564 shares of the asset manager’s stock worth $312,000 after acquiring an additional 203 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director James F. Laird, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $213.88, for a total transaction of $534,700.00. Following the transaction, the director now owns 37,562 shares of the company’s stock, valued at approximately $8,033,760.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.30% of the company’s stock.

Diamond Hill Investment Group, Inc. (NASDAQ DHIL) opened at $206.88 on Monday. The firm has a market capitalization of $717.72, a P/E ratio of 13.76 and a beta of 0.95. Diamond Hill Investment Group, Inc. has a 12-month low of $180.48 and a 12-month high of $219.90.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Thursday, October 26th. The asset manager reported $3.67 earnings per share for the quarter. The firm had revenue of $36.77 million for the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%.

Separately, BidaskClub raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

Diamond Hill Investment Group Company Profile

Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.

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

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