Boston Partners reduced its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Free Report) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,757 shares of the asset manager’s stock after selling 1,257 shares during the quarter. Boston Partners’ holdings in Diamond Hill Investment Group were worth $3,727,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DHIL. State Street Corp increased its stake in Diamond Hill Investment Group by 10.6% in the first quarter. State Street Corp now owns 69,215 shares of the asset manager’s stock valued at $11,391,000 after purchasing an additional 6,623 shares in the last quarter. Dean Investment Associates LLC increased its position in shares of Diamond Hill Investment Group by 39.6% in the 2nd quarter. Dean Investment Associates LLC now owns 22,118 shares of the asset manager’s stock valued at $3,789,000 after buying an additional 6,278 shares in the last quarter. Two Sigma Investments LP raised its stake in Diamond Hill Investment Group by 318.6% during the 1st quarter. Two Sigma Investments LP now owns 7,015 shares of the asset manager’s stock worth $1,155,000 after buying an additional 5,339 shares during the period. Avalon Investment & Advisory lifted its holdings in Diamond Hill Investment Group by 27.3% during the first quarter. Avalon Investment & Advisory now owns 24,547 shares of the asset manager’s stock worth $4,040,000 after acquiring an additional 5,271 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Diamond Hill Investment Group by 19.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 31,743 shares of the asset manager’s stock valued at $5,438,000 after acquiring an additional 5,187 shares during the period. 65.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.
Diamond Hill Investment Group Stock Up 1.0 %
Shares of DHIL stock opened at $161.72 on Tuesday. Diamond Hill Investment Group, Inc. has a 12-month low of $145.86 and a 12-month high of $196.00. The firm has a fifty day moving average of $161.04 and a 200-day moving average of $167.66. The company has a market capitalization of $465.43 million, a price-to-earnings ratio of 11.15 and a beta of 1.01.
Diamond Hill Investment Group (NASDAQ:DHIL – Get Free Report) last released its earnings results on Tuesday, October 31st. The asset manager reported $2.85 earnings per share (EPS) for the quarter. The firm had revenue of $35.55 million during the quarter. Diamond Hill Investment Group had a return on equity of 19.86% and a net margin of 31.55%.
Diamond Hill Investment Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, November 22nd. Diamond Hill Investment Group’s payout ratio is 41.35%.
Insider Transactions at Diamond Hill Investment Group
In other news, Director Paula R. Meyer sold 500 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $171.31, for a total value of $85,655.00. Following the sale, the director now owns 2,764 shares of the company’s stock, valued at $473,500.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
Diamond Hill Investment Group 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 sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs.
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