Nuveen Asset Management LLC Sells 666 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Nuveen Asset Management LLC lessened its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,934 shares of the asset manager’s stock after selling 666 shares during the period. Nuveen Asset Management LLC owned about 0.33% of Diamond Hill Investment Group worth $1,386,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock worth $66,000 after acquiring an additional 319 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $109,000. Deutsche Bank AG boosted its position in Diamond Hill Investment Group by 49.9% in the fourth quarter. Deutsche Bank AG now owns 1,391 shares of the asset manager’s stock valued at $216,000 after buying an additional 463 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $219,000. Finally, Numerai GP LLC acquired a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $274,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.2%

DHIL opened at $138.40 on Wednesday. Diamond Hill Investment Group, Inc. has a 1-year low of $122.32 and a 1-year high of $173.25. The company has a market cap of $377.56 million, a P/E ratio of 7.84 and a beta of 0.76. The company has a fifty day moving average price of $136.03 and a two-hundred day moving average price of $146.84.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The firm had revenue of $37.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 40.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 278 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $134.10 per share, with a total value of $37,279.80. Following the completion of the transaction, the director now directly owns 13,829 shares in the company, valued at approximately $1,854,468.90. This trade represents a 2.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have purchased 2,052 shares of company stock valued at $271,201. Company insiders own 4.60% of the company’s stock.

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.