Inspire Investing LLC Sells 177 Shares of Diamond Hill Investment Group, Inc. $DHIL

Inspire Investing LLC cut its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 6.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,396 shares of the asset manager’s stock after selling 177 shares during the period. Inspire Investing LLC owned about 0.09% of Diamond Hill Investment Group worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DHIL. Concurrent Investment Advisors LLC bought a new stake in Diamond Hill Investment Group during the 1st quarter valued at $3,387,000. Millennium Management LLC raised its position in Diamond Hill Investment Group by 69.4% during the 1st quarter. Millennium Management LLC now owns 48,739 shares of the asset manager’s stock valued at $6,962,000 after purchasing an additional 19,962 shares in the last quarter. Citadel Advisors LLC raised its position in Diamond Hill Investment Group by 765.3% during the 4th quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager’s stock valued at $1,843,000 after purchasing an additional 10,508 shares in the last quarter. American Century Companies Inc. raised its position in Diamond Hill Investment Group by 23.5% during the 1st quarter. American Century Companies Inc. now owns 51,297 shares of the asset manager’s stock valued at $7,327,000 after purchasing an additional 9,770 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Diamond Hill Investment Group by 29.6% during the 1st quarter. AQR Capital Management LLC now owns 37,990 shares of the asset manager’s stock valued at $5,426,000 after purchasing an additional 8,675 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Paula R. Meyer sold 350 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $141.80, for a total transaction of $49,630.00. Following the transaction, the director directly owned 3,763 shares in the company, valued at $533,593.40. The trade was a 8.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by company insiders.

Diamond Hill Investment Group Trading Down 0.5%

DHIL opened at $141.07 on Wednesday. The firm has a market cap of $385.12 million, a price-to-earnings ratio of 8.02 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a 12 month low of $122.32 and a 12 month high of $173.25. The stock has a fifty day moving average price of $146.21 and a 200-day moving average price of $142.36.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, August 29th. Diamond Hill Investment Group’s payout ratio is 34.13%.

Analysts Set New Price Targets

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

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.