Diamond Hill Investment Group, Inc. $DHIL Position Trimmed by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 50.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,758 shares of the asset manager’s stock after selling 1,811 shares during the period. Trexquant Investment LP owned about 0.06% of Diamond Hill Investment Group worth $251,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings 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 buying an additional 111 shares in the last quarter. Rhumbline Advisers boosted its holdings in Diamond Hill Investment Group by 4.6% during the first quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager’s stock worth $593,000 after buying an additional 181 shares in the last quarter. Invesco Ltd. lifted its position in shares of Diamond Hill Investment Group by 3.4% in the 1st quarter. Invesco Ltd. now owns 8,852 shares of the asset manager’s stock valued at $1,264,000 after acquiring an additional 288 shares in the last quarter. Abundance Wealth Counselors lifted its position in shares of Diamond Hill Investment Group by 6.8% in the 1st quarter. Abundance Wealth Counselors now owns 4,888 shares of the asset manager’s stock valued at $698,000 after acquiring an additional 310 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Diamond Hill Investment Group by 31.2% in the 1st quarter. AlphaQuest LLC now owns 1,912 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 455 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Diamond Hill Investment Group Stock Down 1.1%

DHIL stock opened at $139.93 on Wednesday. Diamond Hill Investment Group, Inc. has a 12-month low of $122.32 and a 12-month high of $173.25. The company has a market cap of $382.01 million, a price-to-earnings ratio of 7.96 and a beta of 0.80. The company has a 50 day moving average of $147.46 and a two-hundred day moving average of $142.49.

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. 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $1.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $6.00 dividend on an annualized basis and a yield of 4.3%. Diamond Hill Investment Group’s dividend payout ratio is presently 34.13%.

Insider Buying and Selling

In other Diamond Hill Investment Group news, insider Jo Ann Quinif purchased 2,750 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $144.01 per share, for a total transaction of $396,027.50. Following the acquisition, the insider owned 25,763 shares of the company’s stock, valued at $3,710,129.63. This trade represents a 11.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paula R. Meyer sold 350 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $141.80, for a total transaction of $49,630.00. Following the transaction, the director owned 3,763 shares in the company, valued at $533,593.40. This represents a 8.51% decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

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.