Victory Capital Management Inc. Increases Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Victory Capital Management Inc. increased its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,020 shares of the asset manager’s stock after purchasing an additional 320 shares during the quarter. Victory Capital Management Inc.’s holdings in Diamond Hill Investment Group were worth $988,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHIL. Carolinas Wealth Consulting LLC acquired a new position in shares of Diamond Hill Investment Group during the 4th quarter worth approximately $99,000. Allspring Global Investments Holdings LLC grew its stake in Diamond Hill Investment Group by 76.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after acquiring an additional 320 shares during the period. Quest Partners LLC purchased a new stake in Diamond Hill Investment Group in the 4th quarter worth $170,000. EntryPoint Capital LLC raised its position in Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock worth $197,000 after acquiring an additional 922 shares during the period. Finally, HM Payson & Co. lifted its holdings in Diamond Hill Investment Group by 286.9% during the first quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock valued at $218,000 after purchasing an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 1.2 %

Shares of Diamond Hill Investment Group stock opened at $160.98 on Friday. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.98. The firm has a market capitalization of $446.40 million, a PE ratio of 10.91 and a beta of 0.99. The firm’s 50-day moving average price is $155.11 and its 200 day moving average price is $151.61.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, July 31st. The asset manager reported $2.88 earnings per share for the quarter. The business had revenue of $36.66 million for the quarter. Diamond Hill Investment Group had a return on equity of 19.58% and a net margin of 28.97%.

Diamond Hill Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Thursday, August 29th. Diamond Hill Investment Group’s dividend payout ratio is currently 40.65%.

Insider Activity

In related news, insider Jo Ann Quinif acquired 400 shares of the stock in a transaction on Thursday, June 27th. The shares were bought at an average price of $139.24 per share, with a total value of $55,696.00. Following the completion of the purchase, the insider now owns 20,892 shares of the company’s stock, valued at approximately $2,909,002.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jo Ann Quinif acquired 400 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was purchased at an average cost of $139.24 per share, for a total transaction of $55,696.00. Following the completion of the transaction, the insider now owns 20,892 shares in the company, valued at $2,909,002.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $3,755,000. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

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.