Diamond Hill Investment Group (NASDAQ:DHIL) Director Sells $49,630.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Paula Meyer sold 350 shares of Diamond Hill Investment Group stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the completion of the transaction, the director owned 3,763 shares of the company’s stock, valued at approximately $533,593.40. This represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Diamond Hill Investment Group Stock Down 0.5%

DHIL traded down $0.70 on Tuesday, hitting $140.78. The company had a trading volume of 2,433 shares, compared to its average volume of 25,636. The company has a market cap of $384.32 million, a PE ratio of 8.01 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 business’s fifty day simple moving average is $147.69 and its 200 day simple moving average is $142.51.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Tuesday, July 29th. The asset manager reported $2.86 EPS for the quarter. The company had revenue of $36.03 million during 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 annualized dividend and a yield of 4.3%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 34.13%.

Institutional Trading of Diamond Hill Investment Group

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Diamond Hill Investment Group by 1,018.8% during the second quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 163 shares in the last quarter. Signaturefd LLC raised its stake in shares of Diamond Hill Investment Group by 68.5% during the first quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 111 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Diamond Hill Investment Group by 319.4% during the second quarter. Tower Research Capital LLC TRC now owns 281 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 214 shares in the last quarter. State of Wyoming bought a new stake in shares of Diamond Hill Investment Group during the first quarter valued at approximately $54,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Diamond Hill Investment Group during the second quarter valued at approximately $62,000. Institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research note 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.