SG Americas Securities LLC Acquires New Shares in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

SG Americas Securities LLC bought a new position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 742 shares of the asset manager’s stock, valued at approximately $123,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of Diamond Hill Investment Group by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 19,652 shares of the asset manager’s stock worth $3,681,000 after purchasing an additional 248 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Diamond Hill Investment Group by 26.0% in the 1st quarter. American Century Companies Inc. now owns 12,949 shares of the asset manager’s stock worth $2,425,000 after purchasing an additional 2,675 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Diamond Hill Investment Group by 49.7% in the 1st quarter. MetLife Investment Management LLC now owns 1,582 shares of the asset manager’s stock worth $296,000 after purchasing an additional 525 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Diamond Hill Investment Group by 30.7% in the 1st quarter. Sei Investments Co. now owns 2,907 shares of the asset manager’s stock worth $540,000 after purchasing an additional 682 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Diamond Hill Investment Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 157,234 shares of the asset manager’s stock worth $29,450,000 after purchasing an additional 2,284 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a report on Thursday, January 25th.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $148.40 on Friday. The stock has a market capitalization of $421.46 million, a PE ratio of 10.35 and a beta of 0.97. Diamond Hill Investment Group, Inc. has a 1-year low of $144.35 and a 1-year high of $188.28. The business has a 50-day moving average of $151.43 and a 200 day moving average of $158.04.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Thursday, February 29th. The asset manager reported $2.27 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 18.46% and a net margin of 30.89%. The business had revenue of $33.82 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.04%. The ex-dividend date was Friday, March 8th. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 41.84%.

Diamond Hill Investment Group 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.