Goldman Sachs Group Inc. Purchases 3,980 Shares of Diamond Hill Investment Group, Inc. $DHIL

Goldman Sachs Group Inc. increased its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,649 shares of the asset manager’s stock after acquiring an additional 3,980 shares during the period. Goldman Sachs Group Inc. owned about 0.83% of Diamond Hill Investment Group worth $3,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Diamond Hill Investment Group by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 171,378 shares of the asset manager’s stock valued at $24,480,000 after acquiring an additional 5,832 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Diamond Hill Investment Group by 1.5% in the 1st quarter. Royce & Associates LP now owns 169,256 shares of the asset manager’s stock valued at $24,177,000 after acquiring an additional 2,563 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Diamond Hill Investment Group by 23.5% in the 1st quarter. American Century Companies Inc. now owns 51,297 shares of the asset manager’s stock valued at $7,327,000 after acquiring an additional 9,770 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Diamond Hill Investment Group by 69.4% in the 1st quarter. Millennium Management LLC now owns 48,739 shares of the asset manager’s stock valued at $6,962,000 after acquiring an additional 19,962 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Diamond Hill Investment Group by 3.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 44,035 shares of the asset manager’s stock valued at $6,290,000 after acquiring an additional 1,420 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Price Performance

DHIL opened at $142.75 on Friday. The business has a 50 day simple moving average of $145.56 and a two-hundred day simple moving average of $142.32. The firm has a market capitalization of $389.71 million, a price-to-earnings ratio of 8.12 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $1.50 per share. The ex-dividend date was Friday, August 29th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.2%. Diamond Hill Investment Group’s dividend payout ratio is 34.13%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Paula R. Meyer sold 350 shares of the company’s stock in a transaction that occurred 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 owned 3,763 shares in the company, valued at approximately $533,593.40. This represents a 8.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.

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.