Assenagon Asset Management S.A. Decreases Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Assenagon Asset Management S.A. decreased its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 85.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,460 shares of the asset manager’s stock after selling 14,099 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Diamond Hill Investment Group worth $382,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC purchased a new position in shares of Diamond Hill Investment Group in the third quarter worth about $76,000. Western Pacific Wealth Management LP bought a new position in Diamond Hill Investment Group during the 3rd quarter worth approximately $81,000. FMR LLC increased its stake 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 purchasing an additional 891 shares during the period. Janus Henderson Group PLC purchased a new position in Diamond Hill Investment Group in the 3rd quarter worth approximately $217,000. Finally, Hsbc Holdings PLC bought a new stake in Diamond Hill Investment Group in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.3 %

DHIL stock opened at $149.80 on Friday. The stock has a market capitalization of $407.46 million, a price-to-earnings ratio of 8.48 and a beta of 1.02. The firm’s 50-day moving average price is $157.41 and its two-hundred day moving average price is $156.68. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $3.35 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.02 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 33.98%.

Analysts Set New Price Targets

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.

Insider Buying and Selling at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley bought 1,000 shares of the stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the purchase, the director now directly owns 9,387 shares in the company, valued at $1,429,170.75. This trade represents a 11.92 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Nicole Renee St. sold 300 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $167.00, for a total value of $50,100.00. Following the completion of the sale, the director now directly owns 4,187 shares in the company, valued at approximately $699,229. The trade was a 6.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,600 shares of company stock valued at $2,136,080. 3.50% of the stock is currently owned by company insiders.

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.