Diamond Hill Shareholders Face Crucial Vote on Acquisition Deal

Diamond Hill Investment US25264R2076

The coming weeks are set to be pivotal for Diamond Hill Investment Group as it moves closer to a definitive acquisition by First Eagle Investments. Investor attention is split between the impending shareholder vote and the firm's latest portfolio adjustments, revealed in recent regulatory filings.

A critical vote is scheduled for March 3, where shareholders will decide on the proposed all-cash offer of $175.00 per share from First Eagle Investments. Should the vote pass, the transaction is anticipated to close by the third quarter of 2026. The ongoing due diligence process is reported to be standard for a deal of this magnitude.

Further financial insight will arrive on February 25, when the company is expected to release its quarterly earnings report. Market participants are watching to see if these results will reinforce the current positive technical trend.

Portfolio Shifts Revealed in Latest Filing

Recent data shows Diamond Hill’s assets under management (AUM) totaled $28.7 billion as of January 31. A significant portion, $18.2 billion, is allocated to proprietary funds focusing on U.S. large-cap equities and fixed-income strategies.

The latest 13F filing discloses substantial repositioning within the portfolio. New positions were established in Dover Corp, Wix.com, and EQT Corp. The firm also increased its holdings in The Cooper Companies and the iShares Russell 1000 Value ETF.

Conversely, Diamond Hill reduced its stakes in HCA Healthcare and General Motors. The portfolio manager exited its positions in Caterpillar and Mr. Cooper Group entirely.

Technical Performance and Market Sentiment

From a technical perspective, the stock is demonstrating strength, trading near its 52-week high. In a notable move last Thursday, the share price crossed above its 200-day moving average—an event often interpreted by traders as a bullish signal. Despite this, the consensus analyst rating for the equity remains at "Hold."

The firm's strategic moves and the upcoming shareholder decision will undoubtedly shape its trajectory in the months ahead.