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 firm’s 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL opened at $168.29 on Friday. The stock has a market capitalization of $457.75 million, a P/E ratio of 9.53 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The business’s fifty day moving average is $156.91 and its two-hundred day moving average is $153.15.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is presently 33.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DHIL. Quadrature Capital Ltd acquired a new position in shares of Diamond Hill Investment Group during the first quarter valued at about $670,000. Quest Partners LLC grew its stake in Diamond Hill Investment Group by 3,651.1% during the second quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock worth $486,000 after buying an additional 3,359 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Diamond Hill Investment Group by 369.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock worth $2,676,000 after buying an additional 13,035 shares during the last quarter. AQR Capital Management LLC grew its stake 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 last quarter. Finally, American Century Companies Inc. grew its stake in shares of Diamond Hill Investment Group by 11.9% during 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 during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

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