James F. Laird, Jr. Sells 5,000 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $3,370,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Diamond Hill Investment Group Trading Up 2.3 %

Shares of Diamond Hill Investment Group stock opened at $168.29 on Friday. 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 market cap of $462.80 million, a PE ratio of 9.53 and a beta of 1.00. The company’s 50-day moving average price is $156.91 and its two-hundred day moving average price is $153.15.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued 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 3.57%. Diamond Hill Investment Group’s payout ratio 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 research note on Wednesday.

Institutional Trading of Diamond Hill Investment Group

A number of large investors have recently added to or reduced their stakes in DHIL. Rhumbline Advisers lifted its position in shares of Diamond Hill Investment Group by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock valued at $577,000 after acquiring an additional 69 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Diamond Hill Investment Group by 6.6% during the second quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock valued at $353,000 after purchasing an additional 156 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Diamond Hill Investment Group by 1.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock valued at $2,297,000 after purchasing an additional 280 shares during the period. BCGM Wealth Management LLC boosted its position in shares of Diamond Hill Investment Group by 1.5% in the 3rd quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock valued at $3,058,000 after purchasing an additional 281 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Diamond Hill Investment Group by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after purchasing an additional 302 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

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.