Teacher Retirement System of Texas Has $1.12 Million Stock Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Teacher Retirement System of Texas decreased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 23.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,230 shares of the asset manager’s stock after selling 2,253 shares during the period. Teacher Retirement System of Texas owned 0.27% of Diamond Hill Investment Group worth $1,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth approximately $54,000. FMR LLC boosted 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 valued at $198,000 after purchasing an additional 891 shares during the period. Janus Henderson Group PLC bought a new stake in Diamond Hill Investment Group in the 3rd quarter valued at $217,000. DGS Capital Management LLC acquired a new position in Diamond Hill Investment Group in the 4th quarter valued at $240,000. Finally, Y Intercept Hong Kong Ltd increased its position in Diamond Hill Investment Group by 5.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock worth $311,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $144.00 per share, with a total value of $72,000.00. Following the completion of the purchase, the director now directly owns 10,659 shares of the company’s stock, valued at $1,534,896. The trade was a 4.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 1,322 shares of company stock valued at $191,343 over the last quarter. 4.60% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Trading Down 1.0 %

Shares of DHIL opened at $144.31 on Friday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25. The firm’s 50 day moving average is $147.32 and its 200-day moving average is $154.56. The stock has a market capitalization of $402.19 million, a PE ratio of 8.17 and a beta of 1.01.

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

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 38.39%.

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.