Thrivent Financial for Lutherans Raises Stock Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Thrivent Financial for Lutherans lifted its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 46.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,764 shares of the asset manager’s stock after purchasing an additional 1,195 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of Diamond Hill Investment Group worth $340,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Martingale Asset Management L P purchased a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $1,827,000. Bank of New York Mellon Corp lifted its stake in Diamond Hill Investment Group by 45.8% during the 4th quarter. Bank of New York Mellon Corp now owns 39,148 shares of the asset manager’s stock valued at $5,500,000 after acquiring an additional 12,303 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Diamond Hill Investment Group during the 1st quarter valued at approximately $993,000. Deutsche Bank AG boosted its holdings in shares of Diamond Hill Investment Group by 452.0% in the 1st quarter. Deutsche Bank AG now owns 7,612 shares of the asset manager’s stock valued at $686,000 after acquiring an additional 6,233 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Diamond Hill Investment Group by 75.3% in the first quarter. Nuveen Asset Management LLC now owns 14,418 shares of the asset manager’s stock worth $1,301,000 after acquiring an additional 6,195 shares during the period. Hedge funds and other institutional investors own 52.64% of the company’s stock.

Diamond Hill Investment Group stock opened at $110.77 on Wednesday. The business’s 50-day moving average price is $108.11 and its 200 day moving average price is $118.55. The firm has a market cap of $358.36 million, a price-to-earnings ratio of 8.93 and a beta of 1.01. Diamond Hill Investment Group, Inc. has a 52 week low of $75.00 and a 52 week high of $150.00.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Monday, April 27th. The asset manager reported $2.71 EPS for the quarter. The business had revenue of $31.93 million for the quarter. Diamond Hill Investment Group had a return on equity of 20.33% and a net margin of 29.09%.

In related news, Director Randolph J. Fortener sold 1,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $111.22, for a total transaction of $111,220.00. Following the sale, the director now directly owns 8,600 shares of the company’s stock, valued at $956,492. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Separately, BidaskClub lowered shares of Diamond Hill Investment Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 17th.

About Diamond Hill Investment Group

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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