Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Holdings Lifted by Jane Street Group LLC

Jane Street Group LLC boosted its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 34.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,863 shares of the asset manager’s stock after buying an additional 738 shares during the quarter. Jane Street Group LLC owned 0.11% of Diamond Hill Investment Group worth $463,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Evergreen Wealth Management LLC boosted its stake in Diamond Hill Investment Group by 62.1% during the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after buying an additional 10,138 shares in the last quarter. Creative Planning bought a new position in Diamond Hill Investment Group during the third quarter valued at about $354,000. Quest Partners LLC boosted its stake in Diamond Hill Investment Group by 3,651.1% during the second quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock valued at $486,000 after buying an additional 3,359 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Diamond Hill Investment Group by 369.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock valued at $2,676,000 after buying an additional 13,035 shares in the last quarter. Finally, FMR LLC boosted its stake in Diamond Hill Investment Group by 268.4% during the third quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock valued at $198,000 after buying an additional 891 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

Diamond Hill Investment Group Stock Up 0.6 %

Shares of NASDAQ DHIL opened at $156.59 on Tuesday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25. The company has a market cap of $426.39 million, a price-to-earnings ratio of 8.87 and a beta of 1.02. The business has a fifty day simple moving average of $161.14 and a 200-day simple moving average of $156.09.

Diamond Hill Investment Group Announces Dividend

The business also recently announced 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. This represents a $6.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is 33.98%.

Insider Activity

In related news, Director Pierre Nicole Renee St. sold 300 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $699,229. This represents a 6.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value 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 approximately $3,370,600. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $2,136,080 over the last three months. Insiders own 3.50% of the company’s stock.

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.