Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells $50,700.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Paula R. Meyer sold 300 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $169.00, for a total value of $50,700.00. Following the transaction, the director now owns 3,187 shares in the company, valued at $538,603. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Diamond Hill Investment Group Trading Down 0.2 %

Shares of DHIL stock opened at $169.16 on Wednesday. The stock has a market cap of $460.12 million, a P/E ratio of 9.59 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 stock has a 50 day simple moving average of $158.74 and a 200 day simple moving average of $153.99.

Diamond Hill Investment Group Announces Dividend

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 given a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.55%. Diamond Hill Investment Group’s payout ratio is 33.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Diamond Hill Investment Group by 1.7% during the second quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock worth $577,000 after purchasing an additional 69 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Diamond Hill Investment Group by 5.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock valued at $311,000 after buying an additional 96 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Diamond Hill Investment Group by 6.6% during 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 during the period. Los Angeles Capital Management LLC boosted its position in shares of Diamond Hill Investment Group by 1.7% during 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. Finally, BCGM Wealth Management LLC lifted its stake in Diamond Hill Investment Group by 1.5% during the third quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock worth $3,058,000 after purchasing an additional 281 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

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.