Algert Global LLC Has $326,000 Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Algert Global LLC raised its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 64.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,313 shares of the asset manager’s stock after buying an additional 904 shares during the period. Algert Global LLC owned about 0.08% of Diamond Hill Investment Group worth $326,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Diamond Hill Investment Group by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock valued at $13,631,000 after acquiring an additional 3,400 shares during the period. Millennium Management LLC increased its holdings in shares of Diamond Hill Investment Group by 39.3% in the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after purchasing an additional 9,027 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Diamond Hill Investment Group by 18.3% in the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after purchasing an additional 4,779 shares during the period. American Century Companies Inc. lifted its stake in shares of Diamond Hill Investment Group by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock worth $3,893,000 after buying an additional 2,935 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Diamond Hill Investment Group by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,910 shares of the asset manager’s stock worth $3,647,000 after buying an additional 1,935 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Down 1.1 %

Diamond Hill Investment Group stock opened at $153.43 on Wednesday. The company’s 50-day moving average price is $156.03 and its two-hundred day moving average price is $152.12. The stock has a market cap of $425.46 million, a P/E ratio of 10.39 and a beta of 0.99. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.98.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Wednesday, July 31st. The asset manager reported $2.88 earnings per share for the quarter. The company had revenue of $36.66 million for 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, August 29th. Diamond Hill Investment Group’s dividend payout ratio is currently 40.65%.

Insider Activity

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were 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 owns 25,000 shares of the company’s stock, valued at $3,755,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director L’quentus Thomas sold 250 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the sale, the director now directly owns 1,858 shares of the company’s stock, valued at approximately $300,327.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James F. Laird, Jr. sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total value 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 approximately $3,755,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

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.