Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,846 shares of the asset manager’s stock after acquiring an additional 3,400 shares during the period. Renaissance Technologies LLC owned approximately 3.49% of Diamond Hill Investment Group worth $13,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Diamond Hill Investment Group by 13.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 42,332 shares of the asset manager’s stock valued at $7,010,000 after purchasing an additional 5,057 shares during the period. Quest Partners LLC purchased a new stake in Diamond Hill Investment Group in the 4th quarter worth $170,000. Carolinas Wealth Consulting LLC acquired a new position in Diamond Hill Investment Group during the fourth quarter worth $99,000. Dean Capital Management lifted its holdings in Diamond Hill Investment Group by 2.3% during the fourth quarter. Dean Capital Management now owns 9,616 shares of the asset manager’s stock valued at $1,592,000 after purchasing an additional 212 shares in the last quarter. Finally, Gerber LLC acquired a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at about $317,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Insider Activity

In other Diamond Hill Investment Group news, insider Jo Ann Quinif purchased 400 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average cost of $139.24 per share, for a total transaction of $55,696.00. Following the completion of the transaction, the insider now owns 20,892 shares of the company’s stock, valued at approximately $2,909,002.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total value of $450,600.00. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at approximately $3,755,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jo Ann Quinif purchased 400 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $139.24 per share, for a total transaction of $55,696.00. Following the acquisition, the insider now owns 20,892 shares in the company, valued at $2,909,002.08. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Stock Down 1.2 %

DHIL stock opened at $160.98 on Monday. The stock has a market capitalization of $446.40 million, a P/E ratio of 10.91 and a beta of 0.99. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.98. The firm has a 50-day simple moving average of $155.11 and a 200-day simple moving average of $151.59.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Wednesday, July 31st. The asset manager reported $2.88 EPS for the quarter. The business had revenue of $36.66 million during the quarter. Diamond Hill Investment Group had a return on equity of 19.58% and a net margin of 28.97%.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 29th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, August 29th. This represents a $6.00 annualized dividend and a yield of 3.73%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 40.65%.

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.