Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells $1,021,560.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total value of $1,021,560.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $2,213,380. This trade represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock traded up $0.28 on Friday, hitting $169.93. The stock had a trading volume of 2,098 shares, compared to its average volume of 17,064. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.98. The stock has a market cap of $462.72 million, a price-to-earnings ratio of 9.61 and a beta of 1.00. The business has a 50 day moving average of $159.79 and a 200 day moving average of $154.33.

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 annualized dividend and a dividend yield of 3.53%. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Diamond Hill Investment Group

Several institutional investors have recently modified their holdings of DHIL. Evergreen Wealth Management LLC increased its holdings 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 worth $4,275,000 after buying an additional 10,138 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Diamond Hill Investment Group in the first quarter valued at approximately $670,000. Creative Planning bought a new position in Diamond Hill Investment Group during the third quarter valued at $354,000. Quest Partners LLC raised its stake in shares of Diamond Hill Investment Group by 3,651.1% in 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 during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Diamond Hill Investment Group by 369.9% during the 3rd 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 during the last quarter. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Company 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.