Insider Selling: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells 6,000 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 6,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $2,213,380. The trade was a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diamond Hill Investment Group Trading Up 1.4 %

DHIL stock opened at $170.56 on Friday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.98. The company has a 50-day moving average price of $160.13 and a 200 day moving average price of $154.46. The stock has a market cap of $463.92 million, a PE ratio of 9.66 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.52%. Diamond Hill Investment Group’s dividend payout ratio is presently 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

A number of large investors have recently made changes to their positions in the company. Evergreen Wealth Management LLC lifted its holdings in Diamond Hill Investment Group by 62.1% during the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after buying an additional 10,138 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Diamond Hill Investment Group during the 1st quarter valued at about $670,000. Creative Planning bought a new stake in Diamond Hill Investment Group during the 3rd quarter valued at about $354,000. Quest Partners LLC lifted its holdings in Diamond Hill Investment Group by 3,651.1% during the 2nd quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock valued at $486,000 after buying an additional 3,359 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Diamond Hill Investment Group by 369.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock valued at $2,676,000 after buying an additional 13,035 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

About Diamond Hill Investment Group

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.