The Manufacturers Life Insurance Company cut its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,986 shares of the asset manager’s stock after selling 82 shares during the period. The Manufacturers Life Insurance Company’s holdings in Diamond Hill Investment Group were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DHIL. New York State Teachers Retirement System acquired a new position in Diamond Hill Investment Group during the 1st quarter valued at about $47,000. Citigroup Inc. raised its position in shares of Diamond Hill Investment Group by 211.1% in the 4th quarter. Citigroup Inc. now owns 644 shares of the asset manager’s stock valued at $96,000 after acquiring an additional 437 shares during the period. Clarus Group Inc. acquired a new stake in shares of Diamond Hill Investment Group in the 1st quarter valued at approximately $109,000. SG Americas Securities LLC acquired a new stake in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $115,000. Finally, Fenimore Asset Management Inc. acquired a new stake in shares of Diamond Hill Investment Group in the 1st quarter valued at approximately $208,000. Institutional investors own 59.68% of the company’s stock.
In other news, CFO Thomas Edward Line sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $177.50, for a total transaction of $266,250.00. Following the completion of the transaction, the chief financial officer now directly owns 18,804 shares of the company’s stock, valued at approximately $3,337,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.
Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Tuesday, April 27th. The asset manager reported $3.87 earnings per share for the quarter. The company had revenue of $39.01 million during the quarter. Diamond Hill Investment Group had a net margin of 38.09% and a return on equity of 19.62%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Thursday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, June 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.26%.
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 its clients. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent.
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