Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,613 shares of the asset manager’s stock after selling 1,708 shares during the quarter. Los Angeles Capital Management LLC owned 0.53% of Diamond Hill Investment Group worth $2,362,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Diamond Hill Investment Group by 141.9% during the first quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock valued at $786,000 after buying an additional 2,992 shares during the period. Russell Investments Group Ltd. raised its holdings in Diamond Hill Investment Group by 63.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,562 shares of the asset manager’s stock worth $395,000 after purchasing an additional 995 shares during the period. EntryPoint Capital LLC raised its holdings in 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 worth $197,000 after purchasing an additional 922 shares during the period. Gabelli Funds LLC boosted its position in Diamond Hill Investment Group by 48.8% during the first quarter. Gabelli Funds LLC now owns 8,333 shares of the asset manager’s stock worth $1,285,000 after purchasing an additional 2,733 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Diamond Hill Investment Group in the first quarter valued at approximately $670,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diamond Hill Investment Group Stock Down 1.6 %

DHIL opened at $169.18 on Wednesday. The firm’s fifty day simple moving average is $157.19 and its two-hundred day simple moving average is $153.32. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98. The company has a market cap of $460.17 million, a price-to-earnings ratio of 9.65 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is 33.98%.

Insiders Place Their Bets

In other news, Director James F. Laird, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $3,370,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $3,370,600. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,550 shares of company stock worth $1,104,230. Corporate 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.