Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 279.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,654 shares of the asset manager’s stock after acquiring an additional 3,429 shares during the quarter. Barclays PLC owned about 0.17% of Diamond Hill Investment Group worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHIL. Royce & Associates LP raised its holdings in shares of Diamond Hill Investment Group by 0.3% in the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after purchasing an additional 500 shares in the last quarter. Renaissance Technologies LLC grew its position in 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 worth $13,631,000 after buying an additional 3,400 shares during the last quarter. Millennium Management LLC increased its holdings 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 buying an additional 9,027 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Diamond Hill Investment Group by 18.3% during the 2nd 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 last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Diamond Hill Investment Group by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock worth $3,893,000 after acquiring an additional 2,935 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 raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

Diamond Hill Investment Group Trading Up 0.5 %

NASDAQ DHIL opened at $155.10 on Wednesday. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25. The company has a market cap of $422.34 million, a PE ratio of 8.78 and a beta of 1.02. The stock’s 50-day moving average price is $161.06 and its two-hundred day moving average price is $155.87.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $1.50 per share. 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 3.87%. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Pierre Nicole Renee St. sold 300 shares of Diamond Hill Investment Group stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $167.00, for a total transaction of $50,100.00. Following the transaction, the director now owns 4,187 shares of the company’s stock, valued at $699,229. The trade was a 6.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,600 shares of company stock worth $2,136,080. 4.80% of the stock is owned by corporate 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.