Teacher Retirement System of Texas Sells 4,723 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Teacher Retirement System of Texas decreased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 65.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,507 shares of the asset manager’s stock after selling 4,723 shares during the period. Teacher Retirement System of Texas owned 0.09% of Diamond Hill Investment Group worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Diamond Hill Investment Group by 4.6% in the 1st quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager’s stock worth $593,000 after acquiring an additional 181 shares in the last quarter. MetLife Investment Management LLC increased its position in Diamond Hill Investment Group by 20.1% during the 4th quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager’s stock valued at $275,000 after buying an additional 297 shares in the last quarter. Abundance Wealth Counselors increased its position in Diamond Hill Investment Group by 6.8% during the 1st quarter. Abundance Wealth Counselors now owns 4,888 shares of the asset manager’s stock valued at $698,000 after buying an additional 310 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 valued at $66,000 after buying an additional 319 shares in the last quarter. Finally, Algert Global LLC increased its position in Diamond Hill Investment Group by 11.1% during the 4th quarter. Algert Global LLC now owns 3,214 shares of the asset manager’s stock valued at $498,000 after buying an additional 321 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 1,000 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were acquired at an average cost of $124.50 per share, for a total transaction of $124,500.00. Following the purchase, the director owned 12,735 shares in the company, valued at approximately $1,585,507.50. This trade represents a 8.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jo Ann Quinif purchased 2,750 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $144.01 per share, for a total transaction of $396,027.50. Following the completion of the purchase, the insider owned 25,763 shares in the company, valued at approximately $3,710,129.63. The trade was a 11.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 4,152 shares of company stock valued at $573,803. 4.60% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Stock Down 1.5%

DHIL stock opened at $151.71 on Friday. Diamond Hill Investment Group, Inc. has a twelve month low of $122.32 and a twelve month high of $173.25. The firm has a market cap of $413.86 million, a PE ratio of 10.26 and a beta of 0.80. The business has a 50 day moving average of $144.96 and a 200 day moving average of $143.65.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 21.99% and a net margin of 26.68%. The company had revenue of $37.12 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Monday, June 2nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 40.60%.

Diamond Hill Investment Group Company 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.