BNP Paribas Financial Markets Cuts Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

BNP Paribas Financial Markets lessened its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 18.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,864 shares of the asset manager’s stock after selling 429 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Diamond Hill Investment Group worth $301,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DHIL. Assenagon Asset Management S.A. lifted its stake in Diamond Hill Investment Group by 369.9% during the third 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 last quarter. Evergreen Wealth Management LLC lifted its position in shares of Diamond Hill Investment Group by 62.1% during the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock worth $4,275,000 after buying an additional 10,138 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Diamond Hill Investment Group by 39.3% in the 2nd quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after buying an additional 9,027 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Diamond Hill Investment Group by 18.3% in the 2nd 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, Renaissance Technologies LLC raised its stake in Diamond Hill Investment Group by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock worth $13,631,000 after acquiring an additional 3,400 shares in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 Stock Down 0.7 %

NASDAQ:DHIL opened at $159.46 on Monday. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98. The stock’s 50 day moving average price is $161.81 and its 200 day moving average price is $155.52. The company has a market capitalization of $433.73 million, a PE ratio of 9.03 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.76%. Diamond Hill Investment Group’s payout ratio is 33.98%.

Insider Activity at Diamond Hill Investment Group

In related 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 completion of the sale, the director now directly owns 1,858 shares of the company’s stock, valued at $300,327.12. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pierre Nicole Renee St. sold 300 shares of Diamond Hill Investment Group 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 transaction, the director now owns 4,187 shares in the company, valued at approximately $699,229. This trade represents a 6.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,850 shares of company stock worth $2,176,490 in the last 90 days. 3.50% of the stock is owned by 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.