Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells $171,070.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $171.07, for a total transaction of $171,070.00. Following the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $3,250,330. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Diamond Hill Investment Group Price Performance

Diamond Hill Investment Group stock opened at $169.18 on Thursday. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98. The stock has a fifty day moving average price of $157.44 and a two-hundred day moving average price of $153.44. The firm has a market capitalization of $460.17 million, a P/E ratio of 9.60 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 33.98%.

Analysts Set New Price Targets

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

Institutional Investors Weigh In On Diamond Hill Investment Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Diamond Hill Investment Group by 369.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock valued at $2,676,000 after buying an additional 13,035 shares in the last quarter. Evergreen Wealth Management LLC grew its stake in shares of Diamond Hill Investment Group by 62.1% during the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after purchasing an additional 10,138 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Diamond Hill Investment Group by 39.3% in the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after purchasing an additional 9,027 shares in the last quarter. AQR Capital Management LLC raised its position in Diamond Hill Investment Group by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock worth $4,339,000 after purchasing an additional 4,779 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Diamond Hill Investment Group during the 1st quarter worth $670,000. 65.50% of the stock is owned by institutional investors and hedge funds.

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.