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

Los Angeles Capital Management LLC trimmed its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,445 shares of the asset manager’s stock after selling 2,168 shares during the quarter. Los Angeles Capital Management LLC owned about 0.46% of Diamond Hill Investment Group worth $1,930,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Evergreen Wealth Management LLC grew its position in Diamond Hill Investment Group by 62.1% in the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after buying an additional 10,138 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Diamond Hill Investment Group by 66.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock worth $1,820,000 after acquiring an additional 4,493 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Diamond Hill Investment Group by 95.7% in the third quarter. Martingale Asset Management L P now owns 7,824 shares of the asset manager’s stock valued at $1,264,000 after acquiring an additional 3,827 shares in the last quarter. Barclays PLC increased its stake in shares of Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after acquiring an additional 3,429 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Diamond Hill Investment Group during the fourth quarter worth approximately $527,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Up 0.6 %

NASDAQ:DHIL opened at $146.14 on Friday. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.25. The firm has a market cap of $397.94 million, a P/E ratio of 8.28 and a beta of 1.02. The business’s 50-day moving average price is $149.61 and its 200 day moving average price is $155.97.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. The business had revenue of $39.12 million for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group’s dividend payout ratio is presently 38.39%.

Insider Buying and Selling

In related news, Director Richard Scott Cooley bought 1,000 shares of Diamond Hill Investment Group stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $152.25 per share, with a total value of $152,250.00. Following the completion of the acquisition, the director now directly owns 9,387 shares in the company, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.