Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,591 shares of the asset manager’s stock after selling 1,069 shares during the quarter. First Trust Advisors LP owned about 0.32% of Diamond Hill Investment Group worth $1,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Diamond Hill Investment Group in the fourth quarter valued at approximately $54,000. Polymer Capital Management US LLC acquired a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at $219,000. DGS Capital Management LLC purchased a new position in shares of Diamond Hill Investment Group during the 4th quarter worth $240,000. SG Americas Securities LLC increased its position in shares of Diamond Hill Investment Group by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 2,244 shares of the asset manager’s stock worth $348,000 after purchasing an additional 426 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Diamond Hill Investment Group by 34.7% in the 3rd quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager’s stock valued at $463,000 after buying an additional 738 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL opened at $135.75 on Wednesday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $173.25. The company has a 50 day moving average price of $138.15 and a 200 day moving average price of $149.51. The stock has a market capitalization of $378.34 million, a P/E ratio of 7.69 and a beta of 0.76.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $3.23 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 $37.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.42%. The ex-dividend date is Monday, June 2nd. Diamond Hill Investment Group’s dividend payout ratio is currently 40.60%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now owns 10,159 shares of the company’s stock, valued at approximately $1,483,214. This trade represents a 5.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 2,546 shares of company stock worth $346,089 over the last three months. Company insiders own 4.60% 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.