Insider Selling: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells 1,000 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $171.07, for a total value of $171,070.00. Following the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $3,250,330. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Diamond Hill Investment Group Price Performance

NASDAQ:DHIL traded down $2.32 during trading hours on Tuesday, reaching $169.57. 1,978 shares of the company traded hands, compared to its average volume of 17,205. The stock has a market cap of $461.23 million, a P/E ratio of 9.65 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 firm’s 50-day moving average is $157.19 and its 200-day moving average is $153.32.

Diamond Hill Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.54%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 33.98%.

Institutional Trading of Diamond Hill Investment Group

A number of hedge funds have recently made changes to their positions in DHIL. Frazier Financial Advisors LLC bought a new position in Diamond Hill Investment Group during the 3rd quarter valued at $76,000. Western Pacific Wealth Management LP acquired a new stake in Diamond Hill Investment Group during the third quarter valued at $81,000. Allspring Global Investments Holdings LLC lifted its stake in Diamond Hill Investment Group by 76.0% in the second 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 during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Diamond Hill Investment Group by 256.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 922 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Diamond Hill Investment Group during the 2nd quarter valued at about $214,000. Institutional investors and hedge funds 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 research report on Wednesday, November 6th.

About Diamond Hill Investment Group

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.