Charles Schwab Investment Management Inc. Sells 6,254 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Charles Schwab Investment Management Inc. lowered its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,549 shares of the asset manager’s stock after selling 6,254 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.05% of Diamond Hill Investment Group worth $4,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd raised its position in Diamond Hill Investment Group by 5.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock worth $311,000 after acquiring an additional 96 shares during the period. Victory Capital Management Inc. increased its stake in shares of Diamond Hill Investment Group by 4.3% during 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. R Squared Ltd bought a new stake in shares of Diamond Hill Investment Group in the 4th quarter worth approximately $54,000. SG Americas Securities LLC raised its holdings in shares of Diamond Hill Investment Group by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 2,244 shares of the asset manager’s stock worth $348,000 after purchasing an additional 426 shares during the period. Finally, Legato Capital Management LLC lifted its stake in Diamond Hill Investment Group by 5.8% in the fourth quarter. Legato Capital Management LLC now owns 10,441 shares of the asset manager’s stock valued at $1,619,000 after purchasing an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Down 0.6 %

NASDAQ DHIL opened at $145.17 on Wednesday. The company has a market cap of $404.59 million, a PE ratio of 8.22 and a beta of 1.01. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25. The firm’s 50-day simple moving average is $147.62 and its two-hundred day simple moving average is $154.74.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The company had revenue of $39.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Monday, March 10th. Diamond Hill Investment Group’s payout ratio is currently 38.39%.

Insider Activity

In other news, Director Richard Scott Cooley acquired 272 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $144.00 per share, for a total transaction of $39,168.00. Following the completion of the transaction, the director now owns 9,659 shares of the company’s stock, valued at $1,390,896. The trade was a 2.90 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 1,322 shares of company stock worth $191,343. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Diamond Hill Investment Group 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.