Diamond Hill Investment Group, Inc. $DHIL Stake Boosted by Invesco Ltd.

Invesco Ltd. increased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,852 shares of the asset manager’s stock after purchasing an additional 288 shares during the quarter. Invesco Ltd. owned 0.32% of Diamond Hill Investment Group worth $1,264,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Diamond Hill Investment Group by 68.5% during the first quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock worth $39,000 after purchasing an additional 111 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Diamond Hill Investment Group by 300.9% in the fourth 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 during the last quarter. CWM LLC lifted its stake in Diamond Hill Investment Group by 969.6% in the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock valued at $86,000 after buying an additional 543 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Diamond Hill Investment Group in the fourth quarter valued at $109,000. Finally, Point72 Asset Management L.P. bought a new stake in Diamond Hill Investment Group in the fourth quarter valued at $199,000. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Insider Transactions at Diamond Hill Investment Group

In other news, insider Jo Ann Quinif bought 2,750 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $144.01 per share, with a total value of $396,027.50. Following the completion of the acquisition, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is currently owned by insiders.

Diamond Hill Investment Group Stock Down 1.9%

Shares of NASDAQ DHIL opened at $145.76 on Tuesday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $173.25. The firm’s 50-day simple moving average is $147.76 and its 200 day simple moving average is $142.69. The stock has a market cap of $397.92 million, a P/E ratio of 8.29 and a beta of 0.80.

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

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Diamond Hill Investment Group’s payout ratio is presently 34.13%.

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.