Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Position Raised by BCGM Wealth Management LLC

BCGM Wealth Management LLC raised its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,919 shares of the asset manager’s stock after purchasing an additional 281 shares during the quarter. BCGM Wealth Management LLC’s holdings in Diamond Hill Investment Group were worth $3,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of Diamond Hill Investment Group by 141.9% in 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. lifted 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 valued at $395,000 after acquiring an additional 995 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of Diamond Hill Investment Group by 256.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 922 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Diamond Hill Investment Group by 48.8% in the 1st 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 during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Diamond Hill Investment Group in the 1st quarter worth approximately $670,000. 65.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total transaction of $842,650.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $3,370,600. The trade was a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction on 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 trade represents a 6.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders 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 Stock Down 0.1 %

Shares of NASDAQ DHIL opened at $170.72 on Friday. The stock’s fifty day simple moving average is $158.41 and its 200 day simple moving average is $153.82. The stock has a market capitalization of $464.36 million, a price-to-earnings ratio of 9.67 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 3.51%. Diamond Hill Investment Group’s payout ratio is presently 33.98%.

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.