Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Acquired by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC raised its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 62.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,454 shares of the asset manager’s stock after buying an additional 10,138 shares during the quarter. Diamond Hill Investment Group comprises approximately 2.6% of Evergreen Wealth Management LLC’s holdings, making the stock its 13th largest holding. Evergreen Wealth Management LLC’s holdings in Diamond Hill Investment Group were worth $4,275,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP increased its holdings in Diamond Hill Investment Group by 0.3% in the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after acquiring an additional 500 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Diamond Hill Investment Group by 3.6% in the second quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock valued at $13,631,000 after purchasing an additional 3,400 shares during the period. Millennium Management LLC grew its holdings in shares of Diamond Hill Investment Group by 39.3% in the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after purchasing an additional 9,027 shares during the period. AQR Capital Management LLC grew its holdings in shares of Diamond Hill Investment Group by 18.3% in the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after purchasing an additional 4,779 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Diamond Hill Investment Group by 11.9% in the second quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 2,935 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Transactions at Diamond Hill Investment Group

In other news, Director L’quentus Thomas sold 250 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the transaction, the director now directly owns 1,858 shares in the company, valued at approximately $300,327.12. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction 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 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. Over the last quarter, insiders have sold 6,550 shares of company stock valued at $1,104,230. 3.50% of the stock is currently owned by corporate insiders.

Diamond Hill Investment Group Price Performance

Shares of DHIL traded down $0.16 during mid-day trading on Friday, reaching $170.72. The stock had a trading volume of 7,818 shares, compared to its average volume of 17,193. The business’s fifty day moving average is $158.41 and its 200 day moving average is $153.82. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98. The firm has a market cap of $464.36 million, a price-to-earnings ratio of 9.67 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 3.51%. Diamond Hill Investment Group’s dividend payout ratio is presently 33.98%.

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.