Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 5,000 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $3,370,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Diamond Hill Investment Group Stock Performance

Shares of DHIL stock traded down $2.50 on Thursday, reaching $164.50. The stock had a trading volume of 29,924 shares, compared to its average volume of 17,263. The stock has a market cap of $452.54 million, a P/E ratio of 9.46 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The company has a 50 day simple moving average of $156.58 and a 200 day simple moving average of $152.95.

Diamond Hill Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.65%. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

A number of institutional investors have recently bought and sold shares of DHIL. Frazier Financial Advisors LLC bought a new stake in Diamond Hill Investment Group during the third quarter valued at about $76,000. Western Pacific Wealth Management LP purchased a new position in Diamond Hill Investment Group in the third quarter worth about $81,000. Allspring Global Investments Holdings LLC grew its position in Diamond Hill Investment Group by 76.0% in the second 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 in the last quarter. EntryPoint Capital LLC boosted its position in shares of Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after buying an additional 922 shares during the period. Finally, HM Payson & Co. raised its stake in shares of Diamond Hill Investment Group by 286.9% during the first quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock valued at $218,000 after acquiring an additional 1,050 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.