Schwab Charles Investment Management Inc. Has $3.30 Million Holdings in Diamond Hill Investment Group, Inc. (DHIL)

Schwab Charles Investment Management Inc. raised its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,960 shares of the asset manager’s stock after buying an additional 916 shares during the period. Schwab Charles Investment Management Inc. owned about 0.48% of Diamond Hill Investment Group worth $3,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHIL. Huntington National Bank purchased a new stake in Diamond Hill Investment Group during the 2nd quarter valued at $117,000. Aperio Group LLC purchased a new stake in Diamond Hill Investment Group during the 1st quarter valued at $218,000. Hancock Holding Co. purchased a new stake in Diamond Hill Investment Group during the 1st quarter valued at $264,000. Bessemer Group Inc. boosted its position in Diamond Hill Investment Group by 150.0% during the 2nd quarter. Bessemer Group Inc. now owns 1,500 shares of the asset manager’s stock valued at $292,000 after buying an additional 900 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Diamond Hill Investment Group during the 2nd quarter valued at $496,000. 59.81% of the stock is owned by institutional investors and hedge funds.

Shares of DHIL opened at $166.00 on Monday. Diamond Hill Investment Group, Inc. has a twelve month low of $161.10 and a twelve month high of $219.90. The firm has a market cap of $583.85 million, a price-to-earnings ratio of 11.49 and a beta of 0.82.

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

Several brokerages have weighed in on DHIL. BidaskClub cut shares of Diamond Hill Investment Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 11th. ValuEngine cut shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th.

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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