First Trust Advisors LP Boosts Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

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First Trust Advisors LP lifted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,167 shares of the asset manager’s stock after buying an additional 1,282 shares during the period. First Trust Advisors LP owned approximately 0.21% of Diamond Hill Investment Group worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Quantamental Technologies LLC lifted its stake in shares of Diamond Hill Investment Group by 198.1% in the second quarter. Quantamental Technologies LLC now owns 307 shares of the asset manager’s stock worth $44,000 after buying an additional 204 shares in the last quarter. Balter Liquid Alternatives LLC increased its position in shares of Diamond Hill Investment Group by 209.2% during the second quarter. Balter Liquid Alternatives LLC now owns 17,757 shares of the asset manager’s stock valued at $2,517,000 after acquiring an additional 12,015 shares during the last quarter. Aperio Group LLC increased its position in shares of Diamond Hill Investment Group by 95.5% during the second quarter. Aperio Group LLC now owns 16,055 shares of the asset manager’s stock valued at $2,275,000 after acquiring an additional 7,842 shares during the last quarter. Rhumbline Advisers increased its position in shares of Diamond Hill Investment Group by 54.6% during the third quarter. Rhumbline Advisers now owns 7,868 shares of the asset manager’s stock valued at $1,087,000 after acquiring an additional 2,779 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its position in shares of Diamond Hill Investment Group by 22.0% during the third quarter. Enterprise Financial Services Corp now owns 515 shares of the asset manager’s stock valued at $71,000 after acquiring an additional 93 shares during the last quarter. 54.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Heather E. Brilliant purchased 500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $142.25 per share, for a total transaction of $71,125.00. Following the completion of the transaction, the chief executive officer now directly owns 22,219 shares in the company, valued at $3,160,652.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James F. Laird, Jr. purchased 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $144.40 per share, with a total value of $361,000.00. Following the completion of the transaction, the director now owns 27,500 shares of the company’s stock, valued at $3,971,000. The disclosure for this purchase can be found here. 6.30% of the stock is owned by company insiders.

DHIL has been the subject of a number of recent analyst reports. BidaskClub cut shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. ValuEngine upgraded shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of DHIL opened at $136.55 on Monday. Diamond Hill Investment Group, Inc. has a 1-year low of $124.57 and a 1-year high of $176.80. The stock has a market cap of $493.24 million, a PE ratio of 12.83 and a beta of 0.55. The firm has a 50-day simple moving average of $141.02 and a two-hundred day simple moving average of $138.60.

The business also recently declared a dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd will be given a dividend of $9.00 per share. The ex-dividend date is Friday, November 29th. This is a boost from Diamond Hill Investment Group’s previous dividend of $8.00.

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.

Featured Story: Beige Book

Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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