Paula R. Meyer Sells 300 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Paula R. Meyer sold 300 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $169.00, for a total value of $50,700.00. Following the transaction, the director now directly owns 3,187 shares of the company’s stock, valued at approximately $538,603. This trade represents a 8.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diamond Hill Investment Group Trading Down 0.2 %

NASDAQ DHIL opened at $169.16 on Wednesday. The firm’s fifty day moving average price is $158.74 and its two-hundred day moving average price is $153.99. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The firm has a market capitalization of $460.12 million, a P/E ratio of 9.59 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is currently 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

A number of institutional investors have recently bought and sold shares of DHIL. Rhumbline Advisers increased its holdings in shares of Diamond Hill Investment Group by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock worth $577,000 after acquiring an additional 69 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Diamond Hill Investment Group by 5.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock valued at $311,000 after purchasing an additional 96 shares during the period. Inspire Investing LLC lifted its stake in shares of Diamond Hill Investment Group by 6.6% during the 2nd quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock worth $353,000 after buying an additional 156 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Diamond Hill Investment Group by 1.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock worth $2,297,000 after buying an additional 280 shares during the period. Finally, BCGM Wealth Management LLC boosted its holdings in shares of Diamond Hill Investment Group by 1.5% during the 3rd quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock worth $3,058,000 after buying an additional 281 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

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.