Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells $842,650.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $3,370,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Diamond Hill Investment Group Stock Down 1.5 %

DHIL stock opened at $164.50 on Friday. The company has a 50 day moving average of $156.71 and a two-hundred day moving average of $153.03. 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 market cap of $452.38 million, a price-to-earnings ratio of 9.31 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. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHIL. Royce & Associates LP lifted its stake in shares of Diamond Hill Investment Group by 0.3% in the third quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after buying an additional 500 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Diamond Hill Investment Group by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock valued at $13,631,000 after acquiring an additional 3,400 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Diamond Hill Investment Group by 39.3% during the 2nd quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock worth $4,507,000 after purchasing an additional 9,027 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Diamond Hill Investment Group by 18.3% during the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after purchasing an additional 4,779 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Diamond Hill Investment Group by 11.9% in the second quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 2,935 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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