Summit Global Investments Purchases 525 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Summit Global Investments raised its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,712 shares of the asset manager’s stock after acquiring an additional 525 shares during the quarter. Summit Global Investments owned approximately 0.09% of Diamond Hill Investment Group worth $449,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Diamond Hill Investment Group by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 159,384 shares of the asset manager’s stock valued at $26,867,000 after purchasing an additional 1,941 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Diamond Hill Investment Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 37,275 shares of the asset manager’s stock valued at $6,283,000 after buying an additional 5,532 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 2.7% in the third quarter. AQR Capital Management LLC now owns 28,430 shares of the asset manager’s stock worth $4,792,000 after buying an additional 739 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Diamond Hill Investment Group by 6.6% during the third quarter. American Century Companies Inc. now owns 28,345 shares of the asset manager’s stock worth $4,778,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in Diamond Hill Investment Group by 9.9% during the third quarter. Punch & Associates Investment Management Inc. now owns 24,500 shares of the asset manager’s stock valued at $4,130,000 after acquiring an additional 2,200 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a report on Thursday, January 25th.

Diamond Hill Investment Group Price Performance

NASDAQ:DHIL opened at $151.90 on Monday. The stock’s 50 day simple moving average is $150.85 and its two-hundred day simple moving average is $156.92. Diamond Hill Investment Group, Inc. has a 1 year low of $144.35 and a 1 year high of $188.28. The company has a market cap of $431.40 million, a price-to-earnings ratio of 10.59 and a beta of 0.97.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Thursday, February 29th. The asset manager reported $2.27 EPS for the quarter. Diamond Hill Investment Group had a net margin of 30.89% and a return on equity of 18.46%. The business had revenue of $33.82 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $6.00 annualized dividend and a yield of 3.95%. Diamond Hill Investment Group’s payout ratio is currently 41.84%.

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.