Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 5,000 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,370,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Diamond Hill Investment Group Trading Down 1.5 %

Shares of DHIL traded down $2.50 during midday trading on Thursday, reaching $164.50. The stock had a trading volume of 29,924 shares, compared to its average volume of 17,263. The company’s 50-day moving average is $156.58 and its 200 day moving average is $152.95. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.98. The company has a market capitalization of $452.54 million, a price-to-earnings ratio of 9.46 and a beta of 1.00.

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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Institutional Investors Weigh In On Diamond Hill Investment Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in shares of Diamond Hill Investment Group by 0.3% in the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock valued at $26,948,000 after acquiring an additional 500 shares during the last quarter. Renaissance Technologies LLC raised its position in Diamond Hill Investment Group by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock valued at $13,631,000 after purchasing an additional 3,400 shares during the last quarter. Millennium Management LLC raised its position in Diamond Hill Investment Group by 39.3% during the 2nd quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after purchasing an additional 9,027 shares during the last quarter. AQR Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Diamond Hill Investment Group by 11.9% in the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock worth $3,893,000 after acquiring an additional 2,935 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Analyst Ratings Changes

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

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.