Cwm LLC Has $86,000 Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Cwm LLC raised its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 969.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 599 shares of the asset manager’s stock after purchasing an additional 543 shares during the quarter. Cwm LLC’s holdings in Diamond Hill Investment Group were worth $86,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DHIL. American Century Companies Inc. increased its stake in Diamond Hill Investment Group by 28.7% during the fourth quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager’s stock valued at $6,441,000 after acquiring an additional 9,258 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Diamond Hill Investment Group during the 4th quarter worth approximately $558,000. JPMorgan Chase & Co. grew its holdings in shares of Diamond Hill Investment Group by 66.3% during the 4th quarter. JPMorgan Chase & Co. now owns 18,731 shares of the asset manager’s stock worth $2,905,000 after purchasing an additional 7,469 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Diamond Hill Investment Group by 48.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 19,968 shares of the asset manager’s stock valued at $3,097,000 after purchasing an additional 6,490 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Diamond Hill Investment Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock valued at $11,554,000 after purchasing an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Jo Ann Quinif purchased 2,750 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of $144.01 per share, with a total value of $396,027.50. Following the purchase, the insider directly owned 25,763 shares in the company, valued at $3,710,129.63. This represents a 11.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard Scott Cooley purchased 278 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $134.10 per share, for a total transaction of $37,279.80. Following the completion of the transaction, the director directly owned 13,829 shares of the company’s stock, valued at approximately $1,854,468.90. This trade represents a 2.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by insiders.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $135.57 on Friday. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The stock has a fifty day moving average price of $146.04 and a 200 day moving average price of $143.46. The stock has a market cap of $370.11 million, a P/E ratio of 7.71 and a beta of 0.80.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $2.86 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 31.71% and a return on equity of 21.38%. The company had revenue of $36.03 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th. Diamond Hill Investment Group’s payout ratio is presently 34.13%.

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.