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 Diamond Hill Investment Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $2,213,380. This trade represents a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Diamond Hill Investment Group Stock Up 0.5 %

Shares of NASDAQ DHIL opened at $170.56 on Monday. The firm’s 50-day simple moving average is $160.13 and its 200 day simple moving average is $154.48. The stock has a market cap of $463.92 million, a P/E ratio of 9.66 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98.

Diamond Hill Investment Group Announces Dividend

The company also recently announced 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. This represents a $6.00 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is currently 33.98%.

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 research report on Wednesday, November 6th.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several large investors have recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new position in shares of Diamond Hill Investment Group in the third quarter valued at $76,000. Western Pacific Wealth Management LP acquired a new stake in shares of Diamond Hill Investment Group during the third quarter worth $81,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Diamond Hill Investment Group by 76.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 320 shares during the last quarter. FMR LLC boosted its position in shares of Diamond Hill Investment Group by 268.4% in the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock valued at $198,000 after purchasing an additional 891 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Diamond Hill Investment Group in the 2nd quarter worth about $214,000. Institutional investors own 65.50% of the company’s stock.

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.