Pierre Nicole Renee St. Sells 300 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 4,187 shares of the company’s stock, valued at $699,229. This represents a 6.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL opened at $170.88 on Friday. The company has a 50-day moving average of $157.71 and a 200-day moving average of $153.55. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.98. The company has a market capitalization of $464.79 million, a price-to-earnings ratio of 9.68 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is 33.98%.

Institutional Trading of Diamond Hill Investment Group

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of Diamond Hill Investment Group by 141.9% during the first quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock worth $786,000 after buying an additional 2,992 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Diamond Hill Investment Group by 63.5% in the first quarter. Russell Investments Group Ltd. now owns 2,562 shares of the asset manager’s stock worth $395,000 after purchasing an additional 995 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock worth $197,000 after purchasing an additional 922 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Diamond Hill Investment Group by 48.8% in the first quarter. Gabelli Funds LLC now owns 8,333 shares of the asset manager’s stock valued at $1,285,000 after buying an additional 2,733 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Diamond Hill Investment Group in the first quarter valued at $670,000. 65.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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.

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.