Y Intercept Hong Kong Ltd Acquires 96 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Y Intercept Hong Kong Ltd raised its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,926 shares of the asset manager’s stock after buying an additional 96 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of Diamond Hill Investment Group worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Diamond Hill Investment Group by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock valued at $577,000 after acquiring an additional 69 shares during the period. Inspire Investing LLC increased its position in Diamond Hill Investment Group by 6.6% in the 2nd quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock valued at $353,000 after buying an additional 156 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Diamond Hill Investment Group by 1.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock worth $2,297,000 after buying an additional 280 shares during the period. BCGM Wealth Management LLC boosted its holdings in Diamond Hill Investment Group by 1.5% in the third quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock worth $3,058,000 after acquiring an additional 281 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Diamond Hill Investment Group by 4.3% in the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock valued at $1,183,000 after acquiring an additional 302 shares during the period. 65.50% of the stock is currently owned by institutional investors.

Diamond Hill Investment Group Price Performance

DHIL opened at $155.60 on Wednesday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.25. The firm has a market capitalization of $423.70 million, a PE ratio of 8.81 and a beta of 1.02. The company’s 50-day moving average is $161.94 and its 200 day moving average is $155.63.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the company’s 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 sale, the director now directly owns 1,858 shares of the company’s stock, valued at approximately $300,327.12. This represents a 11.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $3,370,600. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,850 shares of company stock valued at $2,176,490 over the last 90 days. Insiders own 3.50% of the company’s stock.

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.