Evergreen Wealth Management LLC Has $1.54 Million Holdings in Diamond Hill Investment Group, Inc. $DHIL

Evergreen Wealth Management LLC lessened its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 27.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 10,628 shares of the asset manager’s stock after selling 3,994 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Diamond Hill Investment Group were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Diamond Hill Investment Group by 68.5% in the first quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 111 shares during the last quarter. State of Wyoming acquired a new position in shares of Diamond Hill Investment Group in the first quarter valued at approximately $54,000. CWM LLC grew its position in shares of Diamond Hill Investment Group by 969.6% in the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock valued at $86,000 after purchasing an additional 543 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Diamond Hill Investment Group by 47.4% in the second quarter. Parallel Advisors LLC now owns 662 shares of the asset manager’s stock valued at $96,000 after purchasing an additional 213 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Diamond Hill Investment Group by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,581 shares of the asset manager’s stock valued at $226,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DHIL shares. Wall Street Zen raised Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $141.10, for a total value of $35,275.00. Following the sale, the director owned 2,534 shares of the company’s stock, valued at approximately $357,547.40. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paula R. Meyer sold 350 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $141.80, for a total value of $49,630.00. Following the completion of the sale, the director directly owned 3,763 shares in the company, valued at approximately $533,593.40. This represents a 8.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.60% of the company’s stock.

Diamond Hill Investment Group Stock Performance

Shares of DHIL stock opened at $135.93 on Wednesday. The stock’s fifty day moving average price is $141.17 and its two-hundred day moving average price is $141.62. The company has a market cap of $371.09 million, a PE ratio of 7.73 and a beta of 0.81. Diamond Hill Investment Group, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results on Tuesday, July 29th. The asset manager reported $2.86 earnings per share for the quarter. The firm had revenue of $36.03 million for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.

Diamond Hill Investment Group Profile

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.