Insider Selling: 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 business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $169.00, for a total value of $50,700.00. Following the completion of the transaction, the director now directly owns 3,187 shares of the company’s stock, valued at approximately $538,603. The trade was a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Diamond Hill Investment Group Price Performance

Shares of DHIL traded down $0.80 during midday trading on Monday, hitting $169.92. The stock had a trading volume of 6,282 shares, compared to its average volume of 17,144. The firm has a market cap of $462.69 million, a price-to-earnings ratio of 9.67 and a beta of 1.00. The company has a 50 day simple moving average of $158.41 and a two-hundred day simple moving average of $153.87. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.98.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 33.98%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Diamond Hill Investment Group

Large investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Diamond Hill Investment Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock valued at $11,797,000 after acquiring an additional 1,215 shares during the last quarter. Barclays PLC increased its stake in shares of Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock worth $753,000 after purchasing an additional 3,429 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Diamond Hill Investment Group by 5.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock worth $311,000 after purchasing an additional 96 shares during the last quarter. Dean Investment Associates LLC boosted its stake in Diamond Hill Investment Group by 3.5% in the 3rd quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager’s stock valued at $4,071,000 after purchasing an additional 847 shares during the period. Finally, Jane Street Group LLC grew its holdings in Diamond Hill Investment Group by 34.7% in the 3rd quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager’s stock valued at $463,000 after buying an additional 738 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.