Insider Selling: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells 1,000 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $171.07, for a total value of $171,070.00. Following the transaction, the director now owns 19,000 shares of the company’s stock, valued at approximately $3,250,330. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Diamond Hill Investment Group Trading Up 1.0 %

Shares of NASDAQ DHIL opened at $170.88 on Friday. The business has a fifty day simple moving average of $157.71 and a 200 day simple moving average of $153.55. The firm 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, Inc. has a one year low of $135.44 and a one year high of $173.98.

Diamond Hill Investment Group Announces Dividend

The company 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 $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.51%. Diamond Hill Investment Group’s payout ratio is 33.98%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DHIL. BNP Paribas Financial Markets raised its stake in shares of Diamond Hill Investment Group by 141.9% in the first quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock valued at $786,000 after purchasing an additional 2,992 shares in the last quarter. Russell Investments Group Ltd. grew its position 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 valued at $395,000 after acquiring an additional 995 shares during the period. EntryPoint Capital LLC grew its position in Diamond Hill Investment Group by 256.8% in the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 922 shares during the period. Gabelli Funds LLC grew its position in 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 acquiring an additional 2,733 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Diamond Hill Investment Group in the first quarter valued at $670,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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