L’quentus Thomas Sells 250 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the transaction, the director now owns 1,858 shares in the company, valued at $300,327.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Diamond Hill Investment Group Stock Down 0.5 %

Shares of NASDAQ DHIL traded down $0.84 during mid-day trading on Tuesday, hitting $159.86. 2,138 shares of the company traded hands, compared to its average volume of 18,124. The business has a 50 day moving average of $155.34 and a two-hundred day moving average of $151.64. The stock has a market capitalization of $443.29 million, a price-to-earnings ratio of 10.89 and a beta of 0.99. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98.

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

Diamond Hill Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 29th. Diamond Hill Investment Group’s dividend payout ratio is 40.65%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Diamond Hill Investment Group during the 1st quarter valued at about $2,473,000. Quadrature Capital Ltd purchased a new position in Diamond Hill Investment Group during the first quarter valued at approximately $670,000. Quest Partners LLC increased its stake in Diamond Hill Investment Group by 3,651.1% in the 2nd quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock valued at $486,000 after buying an additional 3,359 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Diamond Hill Investment Group by 13.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,332 shares of the asset manager’s stock worth $7,010,000 after buying an additional 5,057 shares in the last quarter. Finally, Gerber LLC purchased a new stake in Diamond Hill Investment Group in the 4th quarter worth approximately $317,000. 65.50% of the stock is currently owned by hedge funds and other 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.