Evergreen Wealth Management LLC Increases Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Evergreen Wealth Management LLC raised its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 62.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,454 shares of the asset manager’s stock after buying an additional 10,138 shares during the period. Diamond Hill Investment Group comprises 2.6% of Evergreen Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Evergreen Wealth Management LLC owned 0.96% of Diamond Hill Investment Group worth $4,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHIL. Western Pacific Wealth Management LP purchased a new stake in shares of Diamond Hill Investment Group in the third quarter worth $81,000. Allspring Global Investments Holdings LLC increased its stake in shares of Diamond Hill Investment Group by 76.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock worth $104,000 after purchasing an additional 320 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of 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 worth $197,000 after purchasing an additional 922 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group in the second quarter worth $214,000. Finally, HM Payson & Co. increased its stake in shares of Diamond Hill Investment Group by 286.9% in the first quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock worth $218,000 after purchasing an additional 1,050 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Trading Down 0.1 %

DHIL traded down $0.16 during trading on Friday, hitting $170.72. 7,818 shares of the company traded hands, compared to its average volume of 17,193. The company has a market cap of $464.36 million, a PE ratio of 9.67 and a beta of 1.00. The stock’s 50-day simple moving average is $158.41 and its two-hundred day simple moving average is $153.82. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98.

Diamond Hill Investment Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity at Diamond Hill Investment Group

In other news, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 in the company, valued at approximately $699,229. This trade represents a 6.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Laird, Jr. sold 1,000 shares of Diamond Hill Investment Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $171.07, for a total transaction of $171,070.00. Following the sale, the director now owns 19,000 shares of the company’s stock, valued at $3,250,330. The trade was a 5.00 % decrease in their position. 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. Corporate insiders own 3.50% of the company’s stock.

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.