Martingale Asset Management L P Acquires 3,827 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Martingale Asset Management L P increased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 95.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,824 shares of the asset manager’s stock after acquiring an additional 3,827 shares during the quarter. Martingale Asset Management L P’s holdings in Diamond Hill Investment Group were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DHIL. Assenagon Asset Management S.A. lifted its holdings in Diamond Hill Investment Group by 369.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock worth $2,676,000 after acquiring an additional 13,035 shares during the period. Evergreen Wealth Management LLC lifted its holdings in Diamond Hill Investment Group by 62.1% during the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock worth $4,275,000 after acquiring an additional 10,138 shares during the period. Millennium Management LLC lifted its holdings in Diamond Hill Investment Group by 39.3% during the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock worth $4,507,000 after acquiring an additional 9,027 shares during the period. AQR Capital Management LLC increased its position in Diamond Hill Investment Group by 18.3% in the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock worth $4,339,000 after buying an additional 4,779 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Diamond Hill Investment Group by 3.6% in the second quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock worth $13,631,000 after buying an additional 3,400 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Pierre Nicole Renee St. sold 300 shares of Diamond Hill Investment Group stock in a transaction on Friday, November 8th. The stock was sold at an average price of $167.00, for a total value of $50,100.00. Following the completion of the transaction, the director now directly owns 4,187 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the transaction, the director now owns 1,858 shares of the company’s stock, valued at approximately $300,327.12. This trade represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,850 shares of company stock worth $2,176,490. 3.50% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Price Performance

NASDAQ:DHIL opened at $165.35 on Monday. The business has a fifty day simple moving average of $160.90 and a two-hundred day simple moving average of $154.82. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The company has a market capitalization of $449.75 million, a P/E ratio of 9.36 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Analyst Ratings Changes

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