Vanguard Group Inc. Has $26.87 Million Stock Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Vanguard Group Inc. lifted its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,384 shares of the asset manager’s stock after buying an additional 1,941 shares during the period. Vanguard Group Inc. owned about 0.06% of Diamond Hill Investment Group worth $26,867,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in shares of Diamond Hill Investment Group by 1,000.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 550 shares of the asset manager’s stock worth $93,000 after buying an additional 500 shares in the last quarter. Legato Capital Management LLC increased its holdings in Diamond Hill Investment Group by 6.8% in the 3rd quarter. Legato Capital Management LLC now owns 9,404 shares of the asset manager’s stock worth $1,585,000 after purchasing an additional 596 shares in the last quarter. AQR Capital Management LLC increased its holdings in Diamond Hill Investment Group by 2.7% in the 3rd quarter. AQR Capital Management LLC now owns 28,430 shares of the asset manager’s stock worth $4,792,000 after purchasing an additional 739 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Diamond Hill Investment Group by 4.0% in the 3rd quarter. Victory Capital Management Inc. now owns 5,450 shares of the asset manager’s stock worth $919,000 after purchasing an additional 209 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Diamond Hill Investment Group by 8.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,301 shares of the asset manager’s stock worth $388,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a report on Thursday, January 25th.

Diamond Hill Investment Group Stock Up 0.3 %

Shares of DHIL opened at $150.57 on Friday. Diamond Hill Investment Group, Inc. has a 12-month low of $144.35 and a 12-month high of $188.28. The business has a 50-day simple moving average of $152.07 and a two-hundred day simple moving average of $158.52. The stock has a market cap of $427.62 million, a PE ratio of 10.50 and a beta of 0.97.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Thursday, February 29th. The asset manager reported $2.27 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 18.46% and a net margin of 30.89%. The firm had revenue of $33.82 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $1.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.98%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 41.84%.

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.