Fmr LLC Acquires 891 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Fmr LLC raised its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 268.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,223 shares of the asset manager’s stock after purchasing an additional 891 shares during the period. Fmr LLC’s holdings in Diamond Hill Investment Group were worth $198,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DHIL. Rhumbline Advisers grew its stake in shares of Diamond Hill Investment Group by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock worth $577,000 after buying an additional 69 shares during the last quarter. Inspire Investing LLC boosted its holdings in Diamond Hill Investment Group by 6.6% in the second quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock worth $353,000 after acquiring an additional 156 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Diamond Hill Investment Group by 1.7% in the second quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock worth $2,297,000 after acquiring an additional 280 shares during the last quarter. BCGM Wealth Management LLC increased its holdings in shares of Diamond Hill Investment Group by 1.5% during the third quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock valued at $3,058,000 after acquiring an additional 281 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Diamond Hill Investment Group by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after purchasing an additional 302 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Paula R. Meyer sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $169.00, for a total transaction of $50,700.00. Following the transaction, the director now owns 3,187 shares in the company, valued at $538,603. This represents a 8.60 % 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. Also, Director James F. Laird, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the completion of the sale, the director now owns 13,000 shares in the company, valued at $2,213,380. This represents a 31.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,850 shares of company stock valued at $2,176,490. Corporate insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Stock Down 0.1 %

NASDAQ:DHIL opened at $150.15 on Friday. The stock has a market cap of $408.86 million, a price-to-earnings ratio of 8.50 and a beta of 1.02. The company’s 50 day moving average price is $161.69 and its 200-day moving average price is $155.58. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25.

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $1.50 per share. The ex-dividend date was Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 4.00%. Diamond Hill Investment Group’s dividend payout ratio is 33.98%.

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.