DGS Capital Management LLC Takes Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

DGS Capital Management LLC purchased a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,548 shares of the asset manager’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHIL. Hsbc Holdings PLC bought a new stake in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $214,000. Marshall Wace LLP lifted its position in Diamond Hill Investment Group by 4.9% in the second quarter. Marshall Wace LLP now owns 6,966 shares of the asset manager’s stock worth $980,000 after buying an additional 328 shares during the last quarter. AQR Capital Management LLC boosted its stake in Diamond Hill Investment Group by 18.3% during the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock worth $4,339,000 after buying an additional 4,779 shares during the period. Millennium Management LLC increased its position in Diamond Hill Investment Group by 39.3% during the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager’s stock valued at $4,507,000 after acquiring an additional 9,027 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of Diamond Hill Investment Group by 64.2% in the second quarter. Algert Global LLC now owns 2,313 shares of the asset manager’s stock valued at $326,000 after acquiring an additional 904 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard Scott Cooley bought 1,000 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $152.25 per share, for a total transaction of $152,250.00. Following the acquisition, the director now owns 9,387 shares of the company’s stock, valued at $1,429,170.75. This represents a 11.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James F. Laird, Jr. sold 6,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total value of $1,021,560.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at $2,213,380. The trade was a 31.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $2,136,080 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diamond Hill Investment Group Stock Performance

DHIL opened at $149.80 on Friday. The stock’s 50 day moving average price is $157.41 and its 200-day moving average price is $156.68. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The stock has a market cap of $407.46 million, a price-to-earnings ratio of 8.48 and a beta of 1.02.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $3.35 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.02 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $1.50 dividend. The ex-dividend date was Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 4.01%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 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.