Inspire Investing LLC Buys 156 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Inspire Investing LLC increased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,510 shares of the asset manager’s stock after purchasing an additional 156 shares during the period. Inspire Investing LLC owned approximately 0.09% of Diamond Hill Investment Group worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC purchased a new stake in Diamond Hill Investment Group during the 4th quarter valued at $99,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 valued at $104,000 after acquiring an additional 320 shares during the period. Quest Partners LLC purchased a new position in Diamond Hill Investment Group in the fourth quarter worth about $170,000. EntryPoint Capital LLC grew its stake in shares of Diamond Hill Investment Group by 256.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 922 shares during the period. Finally, HM Payson & Co. increased its position in shares of Diamond Hill Investment Group by 286.9% during the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock valued at $218,000 after purchasing an additional 1,050 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 1.2 %

DHIL opened at $160.98 on Monday. The company’s 50 day moving average is $155.11 and its 200 day moving average is $151.59. The company has a market cap of $446.40 million, a price-to-earnings ratio of 10.91 and a beta of 0.99. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.98.

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

Diamond Hill Investment Group Dividend Announcement

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

Insider Activity

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

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.