Mount Yale Investment Advisors LLC Has $1.69 Million Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Mount Yale Investment Advisors LLC reduced its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,887 shares of the asset manager’s stock after selling 258 shares during the period. Mount Yale Investment Advisors LLC owned approximately 0.40% of Diamond Hill Investment Group worth $1,689,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DHIL. Y Intercept Hong Kong Ltd raised its holdings in Diamond Hill Investment Group by 5.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock worth $311,000 after purchasing an additional 96 shares during the period. BCGM Wealth Management LLC raised its holdings in Diamond Hill Investment Group by 1.5% in the third quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock worth $3,058,000 after purchasing an additional 281 shares during the period. Victory Capital Management Inc. raised its holdings in Diamond Hill Investment Group by 4.3% in the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after purchasing an additional 302 shares during the period. Marshall Wace LLP raised its holdings in Diamond Hill Investment Group by 4.9% in the second quarter. Marshall Wace LLP now owns 6,966 shares of the asset manager’s stock worth $980,000 after purchasing an additional 328 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Diamond Hill Investment Group by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 2,244 shares of the asset manager’s stock worth $348,000 after purchasing an additional 426 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of $152.25 per share, with a total value of $152,250.00. Following the completion of the transaction, the director now owns 9,387 shares in the company, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 4,187 shares of the company’s stock, valued at approximately $699,229. This trade represents a 6.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock worth $2,136,080 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

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

Diamond Hill Investment Group Stock Up 0.1 %

Shares of NASDAQ:DHIL opened at $149.88 on Tuesday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25. The company’s fifty day simple moving average is $157.41 and its 200 day simple moving average is $156.92. The firm has a market cap of $407.67 million, a price-to-earnings ratio of 8.49 and a beta of 1.02.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $3.35 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The business had revenue of $39.02 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.00%. Diamond Hill Investment Group’s payout ratio is 33.98%.

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.