Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 5,000 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $3,370,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Diamond Hill Investment Group Stock Down 1.5 %

Shares of DHIL opened at $164.50 on Friday. The firm has a market capitalization of $452.38 million, a PE ratio of 9.31 and a beta of 1.00. The firm has a 50-day moving average price of $156.71 and a 200 day moving average price of $153.03. 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. Investors of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.65%. Diamond Hill Investment Group’s dividend payout ratio is presently 33.98%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Diamond Hill Investment Group by 141.9% in the 1st quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock valued at $786,000 after acquiring an additional 2,992 shares during the last quarter. BCGM Wealth Management LLC grew its position in Diamond Hill Investment Group by 7.1% in the first quarter. BCGM Wealth Management LLC now owns 18,109 shares of the asset manager’s stock worth $2,792,000 after buying an additional 1,203 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Diamond Hill Investment Group by 63.5% during 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 stake 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 worth $197,000 after acquiring an additional 922 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings 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 acquiring an additional 2,733 shares during the last quarter. Institutional investors 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.