Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,818 shares of the asset manager’s stock after selling 157 shares during the period. SG Americas Securities LLC owned about 0.07% of Diamond Hill Investment Group worth $294,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Diamond Hill Investment Group during the first quarter valued at approximately $2,473,000. Quadrature Capital Ltd bought a new stake in shares of Diamond Hill Investment Group during the first quarter valued at approximately $670,000. Quest Partners LLC raised its holdings in shares of Diamond Hill Investment Group by 3,651.1% during the second 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 last quarter. AQR Capital Management LLC raised its holdings in shares of Diamond Hill Investment Group by 18.3% during the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after buying an additional 4,779 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Diamond Hill Investment Group by 11.9% during the second quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock valued at $3,893,000 after buying an additional 2,935 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Insider Buying and Selling

In related news, Director James F. Laird, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the transaction, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction that occurred 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 owns 25,000 shares in the company, 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 owned by corporate insiders.

Diamond Hill Investment Group Price Performance

Shares of NASDAQ:DHIL opened at $160.90 on Friday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.98. The stock has a market cap of $446.18 million, a price-to-earnings ratio of 10.90 and a beta of 0.99. The stock’s 50 day moving average price is $156.80 and its 200 day moving average price is $152.46.

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. Diamond Hill Investment Group had a return on equity of 19.58% and a net margin of 28.97%. The firm 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 issued 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 payout ratio is 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.