Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 1,000 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 1,000 shares of Diamond Hill Investment Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $171.07, for a total transaction of $171,070.00. Following the completion of the transaction, the director now owns 19,000 shares of the company’s stock, valued at $3,250,330. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Diamond Hill Investment Group Price Performance

NASDAQ:DHIL traded down $2.32 on Tuesday, hitting $169.57. 1,978 shares of the company’s stock were exchanged, compared to its average volume of 17,205. 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 50-day moving average price of $157.19 and a 200-day moving average price of $153.32. The company has a market cap of $461.23 million, a P/E ratio of 9.65 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued 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 yield of 3.54%. Diamond Hill Investment Group’s payout ratio is currently 33.98%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter valued at approximately $76,000. BCGM Wealth Management LLC boosted its position in shares of Diamond Hill Investment Group by 1.5% during the 3rd quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock worth $3,058,000 after acquiring an additional 281 shares in the last quarter. Evergreen Wealth Management LLC increased its stake in Diamond Hill Investment Group by 62.1% in the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 10,138 shares during the last quarter. Royce & Associates LP raised its position in Diamond Hill Investment Group by 0.3% during the third quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock valued at $26,948,000 after purchasing an additional 500 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Diamond Hill Investment Group by 4.3% during the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 65.50% 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.