Mount Yale Investment Advisors LLC Trims Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Mount Yale Investment Advisors LLC decreased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,234 shares of the asset manager’s stock after selling 243 shares during the quarter. Mount Yale Investment Advisors LLC owned approximately 0.41% of Diamond Hill Investment Group worth $1,581,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Diamond Hill Investment Group by 1.7% in 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 raised its stake in Diamond Hill Investment Group by 6.6% during the 2nd 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 period. Dean Capital Management lifted its holdings in Diamond Hill Investment Group by 2.3% in the 4th quarter. Dean Capital Management now owns 9,616 shares of the asset manager’s stock worth $1,592,000 after purchasing an additional 212 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in 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 worth $2,297,000 after purchasing an additional 280 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after buying an additional 320 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Insider Activity at Diamond Hill Investment Group

In other news, CEO Heather E. Brilliant acquired 250 shares of Diamond Hill Investment Group stock in a transaction on Thursday, June 27th. The shares were acquired at an average price of $139.38 per share, with a total value of $34,845.00. Following the purchase, the chief executive officer now directly owns 46,589 shares in the company, valued at approximately $6,493,574.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Diamond Hill Investment Group news, CEO Heather E. Brilliant acquired 250 shares of the stock in a transaction on Thursday, June 27th. The stock was acquired at an average price of $139.38 per share, for a total transaction of $34,845.00. Following the completion of the transaction, the chief executive officer now directly owns 46,589 shares of the company’s stock, valued at $6,493,574.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,755,000. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Price Performance

Diamond Hill Investment Group stock opened at $160.98 on Monday. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The firm’s 50 day moving average price is $155.11 and its 200-day moving average price is $151.59. The stock has a market cap of $446.40 million, a P/E ratio of 10.91 and a beta of 0.99.

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

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.73%. Diamond Hill Investment Group’s dividend payout ratio is currently 40.65%.

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.