24,041 Shares in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 24,041 shares of the asset manager’s stock, valued at approximately $3,729,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DHIL. Evergreen Wealth Management LLC boosted its position in shares of Diamond Hill Investment Group by 62.1% in the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock worth $4,275,000 after purchasing an additional 10,138 shares in the last quarter. Barclays PLC boosted its holdings in Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock worth $753,000 after acquiring an additional 3,429 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Diamond Hill Investment Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock worth $11,797,000 after acquiring an additional 1,215 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Diamond Hill Investment Group by 66.4% in the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock worth $1,820,000 after acquiring an additional 4,493 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Diamond Hill Investment Group during the fourth quarter valued at $527,000. Institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $152.25 per share, for a total transaction of $152,250.00. Following the acquisition, the director now owns 9,387 shares of the company’s stock, valued at $1,429,170.75. This represents a 11.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL opened at $147.45 on Wednesday. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The stock has a 50-day moving average of $149.42 and a 200 day moving average of $155.92. The company has a market capitalization of $410.94 million, a price-to-earnings ratio of 8.35 and a beta of 1.02.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.12 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $1.50 dividend. The ex-dividend date is Monday, March 10th. This represents a $6.00 annualized dividend and a yield of 4.07%. Diamond Hill Investment Group’s payout ratio is 38.39%.

Diamond Hill Investment Group 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.