Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Update

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 29,000 shares, a decline of 31.8% from the October 15th total of 42,500 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Diamond Hill Investment Group news, Director Pierre Nicole Renee St. sold 300 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 4,187 shares in the company, valued at $699,229. The trade was a 6.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the director now directly owns 20,000 shares in the company, valued at $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,550 shares of company stock worth $1,104,230 over the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Diamond Hill Investment Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in shares of Diamond Hill Investment Group in the 1st quarter worth approximately $670,000. Quest Partners LLC raised its stake in shares of Diamond Hill Investment Group by 3,651.1% in the second quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock valued at $486,000 after buying an additional 3,359 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Diamond Hill Investment Group by 369.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock valued at $2,676,000 after buying an additional 13,035 shares during the last quarter. Creative Planning bought a new position in shares of Diamond Hill Investment Group during the 3rd quarter worth $354,000. Finally, AQR Capital Management LLC increased its holdings in Diamond Hill Investment Group by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock worth $4,339,000 after acquiring an additional 4,779 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Up 1.0 %

Diamond Hill Investment Group stock traded up $1.70 during trading hours on Thursday, reaching $170.88. 26,820 shares of the company’s stock were exchanged, compared to its average volume of 17,235. The firm’s 50 day simple moving average is $157.71 and its 200 day simple moving average is $153.55. Diamond Hill Investment Group has a twelve month low of $135.44 and a twelve month high of $173.98. The firm has a market capitalization of $464.79 million, a PE ratio of 9.58 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

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

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.