Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells $50,100.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 4,187 shares of the company’s stock, valued at approximately $699,229. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Diamond Hill Investment Group Stock Performance

Shares of DHIL opened at $169.18 on Thursday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98. The firm’s 50-day simple moving average is $157.44 and its two-hundred day simple moving average is $153.44. The stock has a market cap of $460.17 million, a PE ratio of 9.60 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

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.