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

Los Angeles Capital Management LLC decreased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 10.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,613 shares of the asset manager’s stock after selling 1,708 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Diamond Hill Investment Group were worth $2,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Western Pacific Wealth Management LP acquired a new stake in shares of Diamond Hill Investment Group during the 3rd quarter worth about $81,000. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $104,000 after buying an additional 320 shares during the period. EntryPoint Capital LLC increased its position in shares of Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 922 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $214,000. Finally, HM Payson & Co. boosted its position in shares of Diamond Hill Investment Group by 286.9% during the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock worth $218,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total transaction of $842,650.00. Following the sale, the director now owns 20,000 shares in the company, valued at $3,370,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the transaction, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,550 shares of company stock valued at $1,104,230. 3.50% of the stock is currently owned by company insiders.

Diamond Hill Investment Group Trading Down 1.6 %

DHIL stock opened at $169.18 on Wednesday. The business’s fifty day moving average price is $157.19 and its 200 day moving average price is $153.32. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.98. The company has a market capitalization of $460.17 million, a PE ratio of 9.65 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given 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 dividend yield of 3.55%. Diamond Hill Investment Group’s dividend 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.