Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 50.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,712 shares of the asset manager’s stock after selling 1,739 shares during the period. Quest Partners LLC owned approximately 0.06% of Diamond Hill Investment Group worth $277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in Diamond Hill Investment Group in the third quarter valued at about $76,000. Western Pacific Wealth Management LP purchased a new position in shares of Diamond Hill Investment Group in the 3rd quarter valued at approximately $81,000. Allspring Global Investments Holdings LLC boosted 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 worth $104,000 after purchasing an additional 320 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Diamond Hill Investment Group during the 2nd quarter worth approximately $214,000. Finally, HM Payson & Co. increased its stake in Diamond Hill Investment Group by 286.9% during the 1st 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. Institutional investors and hedge funds own 65.50% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paula R. Meyer sold 300 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $169.00, for a total transaction of $50,700.00. Following the completion of the transaction, the director now directly owns 3,187 shares in the company, valued at $538,603. The trade was a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James F. Laird, Jr. sold 6,000 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $170.26, for a total value of $1,021,560.00. Following the transaction, the director now owns 13,000 shares of the company’s stock, valued at $2,213,380. The trade was a 31.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,850 shares of company stock valued at $2,176,490. 3.50% of the stock is owned by insiders.

Diamond Hill Investment Group Stock Performance

Diamond Hill Investment Group stock opened at $165.92 on Wednesday. The business’s 50-day simple moving average is $160.61 and its two-hundred day simple moving average is $154.64. The company has a market cap of $451.80 million, a PE ratio of 9.40 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.98.

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 $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 3.62%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note 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.