Tower Research Capital LLC TRC Has $66,000 Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Tower Research Capital LLC TRC lifted its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 300.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 425 shares of the asset manager’s stock after buying an additional 319 shares during the period. Tower Research Capital LLC TRC’s holdings in Diamond Hill Investment Group were worth $66,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Diamond Hill Investment Group during the fourth quarter worth approximately $527,000. JPMorgan Chase & Co. lifted its stake in Diamond Hill Investment Group by 66.4% during the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock worth $1,820,000 after purchasing an additional 4,493 shares during the last quarter. Barclays PLC lifted its stake in Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock worth $753,000 after purchasing an additional 3,429 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Diamond Hill Investment Group during the fourth quarter worth $3,729,000. Finally, Geode Capital Management LLC increased its holdings in shares of Diamond Hill Investment Group by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock worth $11,554,000 after buying an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Diamond Hill Investment Group Price Performance

Shares of DHIL opened at $140.12 on Monday. The stock has a 50-day moving average of $137.66 and a 200-day moving average of $149.13. The company has a market cap of $390.51 million, a PE ratio of 7.93 and a beta of 0.76. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Tuesday, April 29th. The asset manager reported $3.23 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The company had revenue of $37.12 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $1.50 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.28%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 40.60%.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 500 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $146.00 per share, with a total value of $73,000.00. Following the acquisition, the director now directly owns 10,159 shares of the company’s stock, valued at $1,483,214. The trade was a 5.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 2,824 shares of company stock valued at $383,369. 4.60% of the stock is owned by company 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.