Mount Yale Investment Advisors LLC Lowers Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Mount Yale Investment Advisors LLC trimmed its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,145 shares of the asset manager’s stock after selling 89 shares during the quarter. Mount Yale Investment Advisors LLC owned approximately 0.40% of Diamond Hill Investment Group worth $1,801,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in Diamond Hill Investment Group during the first quarter worth approximately $670,000. Quest Partners LLC lifted its position in shares of Diamond Hill Investment Group by 3,651.1% during the 2nd quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock valued at $486,000 after buying an additional 3,359 shares in the last quarter. AQR Capital Management LLC grew its stake in Diamond Hill Investment Group by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after acquiring an additional 4,779 shares during the period. American Century Companies Inc. increased its holdings in Diamond Hill Investment Group by 11.9% in the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock worth $3,893,000 after acquiring an additional 2,935 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Diamond Hill Investment Group by 3.6% during the second quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock worth $13,631,000 after acquiring an additional 3,400 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the sale, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Laird, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total value of $450,600.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,755,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Stock Down 1.2 %

DHIL opened at $153.43 on Friday. The company has a market cap of $425.46 million, a price-to-earnings ratio of 10.39 and a beta of 0.99. The firm’s fifty day simple moving average is $157.02 and its two-hundred day simple moving average is $152.60. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $2.88 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 28.97% and a return on equity of 19.58%. The firm had revenue of $36.66 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, August 29th. Diamond Hill Investment Group’s payout ratio is 40.65%.

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.