SG Americas Securities LLC Buys Shares of 742 Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

SG Americas Securities LLC bought a new stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 742 shares of the asset manager’s stock, valued at approximately $123,000.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Diamond Hill Investment Group by 308.9% in the first quarter. Tower Research Capital LLC TRC now owns 184 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Tyler Stone Wealth Management purchased a new stake in shares of Diamond Hill Investment Group in the second quarter valued at approximately $34,000. US Bancorp DE boosted its holdings in shares of Diamond Hill Investment Group by 179.5% in the second quarter. US Bancorp DE now owns 246 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 158 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Diamond Hill Investment Group in the third quarter valued at approximately $44,000. Finally, UBS Group AG boosted its holdings in shares of Diamond Hill Investment Group by 25.4% in the third quarter. UBS Group AG now owns 301 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

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

Diamond Hill Investment Group Stock Performance

Shares of NASDAQ DHIL opened at $148.40 on Friday. The firm has a market capitalization of $421.46 million, a price-to-earnings ratio of 10.35 and a beta of 0.97. The stock has a 50 day moving average price of $151.43 and a 200 day moving average price of $158.04. Diamond Hill Investment Group, Inc. has a 52-week low of $144.35 and a 52-week high of $188.28.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, March 8th. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 41.84%.

About Diamond Hill Investment Group

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.