Frazier Financial Advisors LLC Invests $76,000 in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Frazier Financial Advisors LLC purchased a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 473 shares of the asset manager’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHIL. Western Pacific Wealth Management LP purchased a new stake in Diamond Hill Investment Group in the 3rd quarter valued at about $81,000. Allspring Global Investments Holdings LLC grew its position in Diamond Hill Investment Group by 76.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after acquiring an additional 320 shares in the last quarter. EntryPoint Capital LLC grew its position in Diamond Hill Investment Group by 256.8% in the 1st 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 in the last quarter. Hsbc Holdings PLC acquired a new position in Diamond Hill Investment Group in the 2nd quarter valued at about $214,000. Finally, HM Payson & Co. grew its position in Diamond Hill Investment Group by 286.9% in the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock valued at $218,000 after acquiring an additional 1,050 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Stock Performance

Shares of Diamond Hill Investment Group stock opened at $170.72 on Friday. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.98. The company has a market cap of $464.36 million, a PE ratio of 9.67 and a beta of 1.00. The business has a 50-day simple moving average of $158.41 and a 200-day simple moving average of $153.85.

Diamond Hill Investment Group Dividend Announcement

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

Wall Street Analyst Weigh In

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.

Insider Transactions at Diamond Hill Investment Group

In related news, Director Pierre Nicole Renee St. sold 300 shares of the company’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 transaction, the director now directly owns 4,187 shares of the company’s stock, valued at $699,229. This represents a 6.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,550 shares of company stock valued at $1,104,230. 3.50% of the stock is currently owned by corporate insiders.

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.