Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Position Lifted by BCGM Wealth Management LLC

BCGM Wealth Management LLC grew its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,919 shares of the asset manager’s stock after acquiring an additional 281 shares during the period. BCGM Wealth Management LLC owned about 0.69% of Diamond Hill Investment Group worth $3,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in Diamond Hill Investment Group by 1.7% in the second quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock valued at $577,000 after buying an additional 69 shares during the last quarter. Inspire Investing LLC grew its position in shares of Diamond Hill Investment Group by 6.6% in the 2nd quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock worth $353,000 after acquiring an additional 156 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Diamond Hill Investment Group by 1.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock worth $2,297,000 after acquiring an additional 280 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Diamond Hill Investment Group by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock valued at $1,183,000 after acquiring an additional 302 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Insider Buying and Selling

In related news, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total value of $842,650.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $3,370,600. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. This represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,550 shares of company stock valued at $1,104,230. Insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Stock Down 0.1 %

DHIL opened at $170.72 on Friday. The company’s 50-day moving average price is $158.41 and its 200 day moving average price is $153.82. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98. The firm has a market cap of $464.36 million, a price-to-earnings ratio of 9.67 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is 33.98%.

Analyst Ratings Changes

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

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.