Charles Schwab Investment Management Inc. Sells 5,128 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Charles Schwab Investment Management Inc. trimmed its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,803 shares of the asset manager’s stock after selling 5,128 shares during the period. Charles Schwab Investment Management Inc. owned 1.28% of Diamond Hill Investment Group worth $5,625,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position 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 during the period. Evergreen Wealth Management LLC increased its position in shares of Diamond Hill Investment Group by 62.1% in the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 10,138 shares during the period. Millennium Management LLC increased its position 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 acquiring an additional 9,027 shares during the period. AQR Capital Management LLC increased 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 acquiring an additional 4,779 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Diamond Hill Investment Group by 3.6% in the second 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. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Price Performance

Shares of NASDAQ DHIL opened at $160.62 on Friday. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The company’s 50-day moving average is $161.67 and its 200 day moving average is $155.34. The stock has a market capitalization of $437.37 million, a P/E ratio of 9.10 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is currently 33.98%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director James F. Laird, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $170.26, for a total value of $1,021,560.00. Following the transaction, the director now owns 13,000 shares in the company, valued at approximately $2,213,380. This represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,850 shares of company stock valued at $2,176,490 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

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.