State Street Corp Sells 189 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

State Street Corp cut its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,394 shares of the asset manager’s stock after selling 189 shares during the quarter. State Street Corp owned approximately 3.03% of Diamond Hill Investment Group worth $13,316,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new stake in Diamond Hill Investment Group in the third quarter valued at approximately $217,000. Martingale Asset Management L P increased its position in shares of Diamond Hill Investment Group by 95.7% in the third quarter. Martingale Asset Management L P now owns 7,824 shares of the asset manager’s stock valued at $1,264,000 after buying an additional 3,827 shares in the last quarter. FMR LLC boosted its holdings in Diamond Hill Investment Group by 268.4% in the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock worth $198,000 after buying an additional 891 shares during the last quarter. Algert Global LLC raised its stake in Diamond Hill Investment Group by 25.1% in the 3rd quarter. Algert Global LLC now owns 2,893 shares of the asset manager’s stock valued at $468,000 after purchasing an additional 580 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Diamond Hill Investment Group in the third quarter worth about $76,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 6,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $2,213,380. This trade 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 the SEC website. Also, Director Paula R. Meyer sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $538,603. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock valued at $2,136,080. 4.80% of the stock is currently owned by company insiders.

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 note on Wednesday, November 6th.

Diamond Hill Investment Group Price Performance

DHIL opened at $153.30 on Thursday. The business has a fifty day moving average price of $161.52 and a 200 day moving average price of $155.65. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25. The stock has a market capitalization of $417.44 million, a price-to-earnings ratio of 8.68 and a beta of 1.02.

Diamond Hill Investment Group Announces Dividend

The company 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. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is currently 33.98%.

About Diamond Hill Investment Group

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.