Strs Ohio Sells 100 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Strs Ohio trimmed its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHILGet Rating) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the asset manager’s stock after selling 100 shares during the quarter. Strs Ohio owned approximately 0.12% of Diamond Hill Investment Group worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DHIL. Royce & Associates LP grew its stake in Diamond Hill Investment Group by 2.9% during the second quarter. Royce & Associates LP now owns 157,591 shares of the asset manager’s stock worth $27,364,000 after buying an additional 4,508 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Diamond Hill Investment Group by 139.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,259 shares of the asset manager’s stock valued at $913,000 after purchasing an additional 3,059 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Diamond Hill Investment Group by 26.0% during the first quarter. American Century Companies Inc. now owns 12,949 shares of the asset manager’s stock valued at $2,425,000 after purchasing an additional 2,675 shares during the last quarter. Martin Capital Advisors LLP bought a new stake in shares of Diamond Hill Investment Group during the second quarter valued at approximately $460,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Diamond Hill Investment Group by 153.4% during the second quarter. UBS Asset Management Americas Inc. now owns 4,126 shares of the asset manager’s stock valued at $716,000 after purchasing an additional 2,498 shares during the last quarter. 62.83% of the stock is owned by institutional investors.

Diamond Hill Investment Group Price Performance

DHIL opened at $186.18 on Wednesday. Diamond Hill Investment Group, Inc. has a one year low of $160.00 and a one year high of $213.50. The company’s 50 day simple moving average is $182.19 and its 200-day simple moving average is $178.00. The stock has a market capitalization of $561.52 million, a P/E ratio of 13.45 and a beta of 0.94.

Diamond Hill Investment Group (NASDAQ:DHILGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The asset manager reported $3.55 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 26.79% and a return on equity of 30.69%. The business had revenue of $38.27 million for the quarter.

Diamond Hill Investment Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were issued a $5.50 dividend. This is a positive change from Diamond Hill Investment Group’s previous quarterly dividend of $1.50. This represents a $22.00 annualized dividend and a yield of 11.82%. The ex-dividend date was Wednesday, November 23rd. Diamond Hill Investment Group’s dividend payout ratio is currently 43.35%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Diamond Hill Investment Group in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity at Diamond Hill Investment Group

In related news, CFO Thomas Edward Line sold 1,500 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $182.36, for a total value of $273,540.00. Following the transaction, the chief financial officer now directly owns 18,387 shares in the company, valued at $3,353,053.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by company insiders.

About Diamond Hill Investment Group

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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 sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs.

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Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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