Victory Capital Management Inc. Buys 302 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Victory Capital Management Inc. increased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,322 shares of the asset manager’s stock after purchasing an additional 302 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of Diamond Hill Investment Group worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Western Pacific Wealth Management LP acquired a new position in shares of Diamond Hill Investment Group during the third quarter worth $81,000. Assenagon Asset Management S.A. increased its holdings in Diamond Hill Investment Group by 369.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock worth $2,676,000 after purchasing an additional 13,035 shares in the last quarter. Creative Planning acquired a new position in Diamond Hill Investment Group in the 3rd quarter worth about $354,000. Algert Global LLC raised its position in Diamond Hill Investment Group by 64.2% in the second quarter. Algert Global LLC now owns 2,313 shares of the asset manager’s stock valued at $326,000 after purchasing an additional 904 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Diamond Hill Investment Group by 39.3% during 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 in the last quarter. Institutional investors own 65.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pierre Nicole Renee St. sold 300 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the sale, the director now directly owns 4,187 shares in the company, valued at $699,229. This represents a 6.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $40,410.00. Following the transaction, the director now directly owns 1,858 shares of the company’s stock, valued at $300,327.12. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,850 shares of company stock valued at $2,176,490. 3.50% of the stock is currently owned by company insiders.

Diamond Hill Investment Group Stock Performance

DHIL stock opened at $165.92 on Wednesday. The company has a market capitalization of $451.80 million, a P/E ratio of 9.40 and a beta of 1.00. The company has a fifty day moving average price of $160.61 and a 200-day moving average price of $154.64. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98.

Diamond Hill Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

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.