Barclays PLC Has $753,000 Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Barclays PLC increased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 279.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,654 shares of the asset manager’s stock after purchasing an additional 3,429 shares during the quarter. Barclays PLC’s holdings in Diamond Hill Investment Group were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Diamond Hill Investment Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock worth $11,797,000 after buying an additional 1,215 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Diamond Hill Investment Group by 5.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock valued at $311,000 after acquiring an additional 96 shares in the last quarter. Dean Investment Associates LLC grew its position in Diamond Hill Investment Group by 3.5% during the 3rd quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager’s stock worth $4,071,000 after acquiring an additional 847 shares during the last quarter. Jane Street Group LLC increased its holdings in Diamond Hill Investment Group by 34.7% in the 3rd quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager’s stock worth $463,000 after purchasing an additional 738 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Diamond Hill Investment Group in the third quarter valued at about $217,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Pierre Nicole Renee St. sold 300 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $167.00, for a total value of $50,100.00. Following the transaction, the director now directly owns 4,187 shares of the company’s stock, valued at $699,229. The trade was a 6.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James F. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $171.07, for a total value of $171,070.00. Following the completion of the sale, the director now owns 19,000 shares in the company, valued at $3,250,330. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $2,136,080 over the last 90 days. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Diamond Hill Investment Group Price Performance

DHIL opened at $151.00 on Thursday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.25. The company’s 50 day moving average price is $160.46 and its two-hundred day moving average price is $156.47. The firm has a market capitalization of $411.17 million, a price-to-earnings ratio of 8.55 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $1.50 dividend. The ex-dividend date was Friday, November 22nd. This represents a $6.00 annualized dividend and a dividend yield of 3.97%. Diamond Hill Investment Group’s dividend payout ratio is 33.98%.

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.