Geode Capital Management LLC Buys 1,215 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Geode Capital Management LLC lifted its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 72,980 shares of the asset manager’s stock after purchasing an additional 1,215 shares during the period. Geode Capital Management LLC’s holdings in Diamond Hill Investment Group were worth $11,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Evergreen Wealth Management LLC raised its holdings in Diamond Hill Investment Group by 62.1% in the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock worth $4,275,000 after purchasing an additional 10,138 shares during the period. Creative Planning bought a new position in shares of Diamond Hill Investment Group during the third quarter worth about $354,000. Quest Partners LLC boosted its position in Diamond Hill Investment Group by 3,651.1% during the 2nd quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock worth $486,000 after acquiring an additional 3,359 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Diamond Hill Investment Group by 369.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock worth $2,676,000 after acquiring an additional 13,035 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Diamond Hill Investment Group by 268.4% in the third quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock valued at $198,000 after purchasing an additional 891 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Price Performance

Shares of NASDAQ DHIL opened at $155.10 on Wednesday. The stock has a market capitalization of $422.34 million, a price-to-earnings ratio of 8.78 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.25. The business has a 50-day moving average of $161.06 and a 200-day moving average of $155.87.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 33.98%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

Insider Buying and Selling at Diamond Hill Investment Group

In other news, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the sale, the director now owns 4,187 shares in the company, valued at approximately $699,229. This trade represents a 6.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James F. Laird, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the completion of the transaction, the director now owns 13,000 shares in the company, valued at approximately $2,213,380. This trade represents a 31.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $2,136,080 over the last 90 days. Company insiders own 4.80% 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.