Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,145 shares of the asset manager’s stock after selling 89 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Diamond Hill Investment Group were worth $1,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its position in Diamond Hill Investment Group by 1.7% in the second quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock valued at $577,000 after buying an additional 69 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Diamond Hill Investment Group by 6.6% in the 2nd quarter. Inspire Investing LLC now owns 2,510 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 156 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 1.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 16,321 shares of the asset manager’s stock worth $2,297,000 after acquiring an additional 280 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock worth $104,000 after purchasing an additional 320 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Diamond Hill Investment Group by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 7,020 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the sale, the director now directly owns 1,858 shares in the company, valued at $300,327.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the sale, the director now owns 1,858 shares in the company, valued at $300,327.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total value of $450,600.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,755,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Stock Down 1.2 %

NASDAQ:DHIL opened at $153.43 on Friday. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.98. The stock’s fifty day moving average is $157.02 and its two-hundred day moving average is $152.60. The stock has a market capitalization of $425.46 million, a price-to-earnings ratio of 10.39 and a beta of 0.99.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, August 29th. Diamond Hill Investment Group’s payout ratio is 40.65%.

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 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.