Assenagon Asset Management S.A. Grows Stock Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Assenagon Asset Management S.A. lifted its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 369.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,559 shares of the asset manager's stock after purchasing an additional 13,035 shares during the period. Assenagon Asset Management S.A. owned about 0.60% of Diamond Hill Investment Group worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHIL. Millennium Management LLC increased its stake in shares of Diamond Hill Investment Group by 39.3% in the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager's stock worth $4,507,000 after purchasing an additional 9,027 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Diamond Hill Investment Group by 18.3% in the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager's stock worth $4,339,000 after purchasing an additional 4,779 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Diamond Hill Investment Group during the first quarter valued at $670,000. Pullen Investment Management LLC purchased a new position in Diamond Hill Investment Group during the first quarter valued at $611,000. Finally, Renaissance Technologies LLC grew its stake in Diamond Hill Investment Group by 3.6% during the second quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager's stock valued at $13,631,000 after acquiring an additional 3,400 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Trading Down 1.0 %

DHIL traded down $1.60 during trading on Thursday, hitting $153.44. 3,639 shares of the company traded hands, compared to its average volume of 17,192. The company has a market cap of $425.49 million, a PE ratio of 10.36 and a beta of 0.99. The stock's 50-day simple moving average is $157.02 and its two-hundred day simple moving average is $152.72. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Wednesday, July 31st. The asset manager reported $2.88 earnings per share for the quarter. The company had revenue of $36.66 million during the quarter. Diamond Hill Investment Group had a net margin of 28.97% and a return on equity of 19.58%.

Insider Activity at Diamond Hill Investment Group

In related news, Director L'quentus Thomas sold 250 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the transaction, the director now directly owns 1,858 shares of the company's stock, valued at approximately $300,327.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Diamond Hill Investment Group news, Director L'quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the transaction, the director now directly owns 1,858 shares of the company's stock, valued at $300,327.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company's stock, valued at $3,755,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Diamond Hill Investment Group Company 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.