Victory Capital Management Inc. Raises Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Victory Capital Management Inc. grew its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,020 shares of the asset manager’s stock after acquiring an additional 320 shares during the quarter. Victory Capital Management Inc. owned about 0.26% of Diamond Hill Investment Group worth $988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carolinas Wealth Consulting LLC purchased a new stake in Diamond Hill Investment Group during the 4th quarter worth approximately $99,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Diamond Hill Investment Group by 76.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after buying an additional 320 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at $170,000. EntryPoint Capital LLC increased its position in shares of Diamond Hill Investment Group by 256.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 922 shares during the period. Finally, HM Payson & Co. raised its stake in Diamond Hill Investment Group by 286.9% in the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock worth $218,000 after acquiring an additional 1,050 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Stock Performance

Diamond Hill Investment Group stock opened at $160.98 on Friday. The business’s 50-day simple moving average is $155.11 and its two-hundred day simple moving average is $151.61. The company has a market cap of $446.40 million, a PE ratio of 10.91 and a beta of 0.99. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results on Wednesday, July 31st. The asset manager reported $2.88 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 19.58% and a net margin of 28.97%. The firm had revenue of $36.66 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.73%. Diamond Hill Investment Group’s payout ratio is currently 40.65%.

Insider Transactions at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $150.20, for a total value of $450,600.00. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,755,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,755,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jo Ann Quinif acquired 400 shares of the stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $139.24 per share, for a total transaction of $55,696.00. Following the transaction, the insider now owns 20,892 shares in the company, valued at approximately $2,909,002.08. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

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.