Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 6,000 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the completion of the transaction, the director now owns 13,000 shares in the company, valued at $2,213,380. The trade was a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $170.56 on Friday. The company has a market capitalization of $463.92 million, a price-to-earnings ratio of 9.66 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.98. The company’s fifty day moving average price is $160.13 and its 200-day moving average price is $154.46.

Diamond Hill Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 3.52%. Diamond Hill Investment Group’s payout ratio is 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after acquiring an additional 3,429 shares in the last quarter. Geode Capital Management LLC grew its stake in Diamond Hill Investment Group by 1.7% during 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 in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Diamond Hill Investment Group by 5.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock valued at $311,000 after acquiring an additional 96 shares in the last quarter. Dean Investment Associates LLC grew its stake in Diamond Hill Investment Group by 3.5% during the third quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager’s stock valued at $4,071,000 after acquiring an additional 847 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of 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 worth $463,000 after buying an additional 738 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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 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.