Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC lessened its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,638 shares of the asset manager’s stock after selling 550 shares during the quarter. Dean Investment Associates LLC’s holdings in Diamond Hill Investment Group were worth $3,821,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Diamond Hill Investment Group by 279.9% in the 3rd quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after acquiring an additional 3,429 shares during the period. Geode Capital Management LLC grew its position 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 valued at $11,797,000 after acquiring an additional 1,215 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Diamond Hill Investment Group during the fourth quarter worth $527,000. JPMorgan Chase & Co. boosted 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 valued at $1,820,000 after purchasing an additional 4,493 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Diamond Hill Investment Group in the 4th quarter worth $3,729,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Insider Activity

In other news, Director Richard Scott Cooley acquired 500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now directly owns 10,159 shares in the company, valued at $1,483,214. This represents a 5.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 1,422 shares of company stock worth $205,593 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.9 %

Shares of NASDAQ DHIL opened at $129.82 on Thursday. The company has a market cap of $361.81 million, a price-to-earnings ratio of 7.35 and a beta of 0.83. The stock’s 50 day simple moving average is $143.00 and its 200 day simple moving average is $152.26. Diamond Hill Investment Group, Inc. has a 12-month low of $128.28 and a 12-month high of $173.25.

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

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.62%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 38.39%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th.

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.