Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Get Rating) saw unusually-strong trading volume on Thursday . Approximately 200 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 7,763 shares.The stock last traded at $188.01 and had previously closed at $183.94.
Separately, StockNews.com started coverage on shares of Diamond Hill Investment Group in a research report on Thursday, March 31st. They issued a “buy” rating for the company.
The business’s 50-day simple moving average is $185.85 and its two-hundred day simple moving average is $192.27. The company has a market capitalization of $581.65 million, a PE ratio of 7.74 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, March 7th were given a dividend of $1.50 per share. The ex-dividend date was Friday, March 4th. This represents a $6.00 annualized dividend and a dividend yield of 3.32%. Diamond Hill Investment Group’s payout ratio is 25.73%.
In other news, Director Paula R. Meyer sold 500 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $197.00, for a total transaction of $98,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Heather E. Brilliant sold 297 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $187.30, for a total transaction of $55,628.10. The disclosure for this sale can be found here. Insiders have sold 963 shares of company stock worth $185,220 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DHIL. Boston Partners lifted its holdings in Diamond Hill Investment Group by 439.8% in the third quarter. Boston Partners now owns 24,536 shares of the asset manager’s stock worth $4,310,000 after acquiring an additional 19,991 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Diamond Hill Investment Group in the fourth quarter worth about $1,517,000. Macquarie Group Ltd. bought a new position in Diamond Hill Investment Group in the third quarter worth about $1,067,000. FMR LLC lifted its holdings in Diamond Hill Investment Group by 17.5% in the first quarter. FMR LLC now owns 40,201 shares of the asset manager’s stock worth $5,629,000 after acquiring an additional 5,998 shares during the last quarter. Finally, Barr E S & Co. increased its stake in shares of Diamond Hill Investment Group by 9.5% in the third quarter. Barr E S & Co. now owns 50,436 shares of the asset manager’s stock valued at $8,860,000 after purchasing an additional 4,355 shares during the period. 63.75% of the stock is currently owned by hedge funds and other institutional investors.
Diamond Hill Investment Group Company Profile (NASDAQ:DHIL)
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.
- Get a free copy of the StockNews.com research report on Diamond Hill Investment Group (DHIL)
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