BCGM Wealth Management LLC Buys 529 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

BCGM Wealth Management LLC raised its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,638 shares of the asset manager’s stock after acquiring an additional 529 shares during the period. BCGM Wealth Management LLC’s holdings in Diamond Hill Investment Group were worth $2,623,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DHIL. Tower Research Capital LLC TRC increased its holdings in shares of Diamond Hill Investment Group by 91.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock worth $26,000 after purchasing an additional 76 shares during the last quarter. Dean Capital Management increased its stake in Diamond Hill Investment Group by 2.3% in the 4th quarter. Dean Capital Management now owns 9,616 shares of the asset manager’s stock worth $1,592,000 after acquiring an additional 212 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Diamond Hill Investment Group by 76.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock worth $104,000 after acquiring an additional 320 shares during the last quarter. Evergreen Wealth Management LLC raised its holdings in shares of Diamond Hill Investment Group by 2.0% during the 4th quarter. Evergreen Wealth Management LLC now owns 16,316 shares of the asset manager’s stock worth $2,702,000 after acquiring an additional 322 shares in the last quarter. Finally, Abundance Wealth Counselors boosted its position in shares of Diamond Hill Investment Group by 11.2% during the 1st quarter. Abundance Wealth Counselors now owns 3,489 shares of the asset manager’s stock valued at $538,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

Shares of DHIL opened at $158.03 on Friday. The stock has a market capitalization of $434.58 million, a PE ratio of 10.71 and a beta of 1.00. The company’s fifty day moving average is $151.05 and its 200 day moving average is $151.09. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98.

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

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 29th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, August 29th. Diamond Hill Investment Group’s payout ratio is 40.65%.

Insider Transactions at Diamond Hill Investment Group

In related news, insider Jo Ann Quinif purchased 400 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average price of $139.24 per share, for a total transaction of $55,696.00. Following the acquisition, the insider now owns 20,892 shares of the company’s stock, valued at approximately $2,909,002.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James F. Laird, Jr. sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total transaction of $450,600.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $3,755,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jo Ann Quinif acquired 400 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average cost of $139.24 per share, with a total value of $55,696.00. Following the purchase, the insider now owns 20,892 shares of the company’s stock, valued at $2,909,002.08. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,150 shares of company stock worth $165,541. 3.50% of the stock is currently owned by company 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.