Numerai GP LLC Takes $274,000 Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Numerai GP LLC purchased a new position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,769 shares of the asset manager's stock, valued at approximately $274,000. Numerai GP LLC owned 0.07% of Diamond Hill Investment Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DHIL. Barclays PLC grew its stake in Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager's stock worth $753,000 after purchasing an additional 3,429 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Diamond Hill Investment Group by 66.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager's stock worth $1,820,000 after buying an additional 4,493 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Diamond Hill Investment Group by 10.5% in the 4th quarter. Merit Financial Group LLC now owns 12,914 shares of the asset manager's stock worth $2,003,000 after buying an additional 1,226 shares in the last quarter. SG Americas Securities LLC boosted its stake in Diamond Hill Investment Group by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 2,244 shares of the asset manager's stock valued at $348,000 after buying an additional 426 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in Diamond Hill Investment Group during the fourth quarter worth about $240,000. Hedge funds and other institutional investors own 65.50% of the company's stock.

Insiders Place Their Bets

In other news, Director Richard Scott Cooley bought 1,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average cost of $124.50 per share, with a total value of $124,500.00. Following the completion of the transaction, the director now directly owns 12,735 shares in the company, valued at approximately $1,585,507.50. The trade was a 8.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 2,824 shares of company stock worth $383,369. Company insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Stock Performance

Shares of NASDAQ DHIL traded down $0.64 during trading on Wednesday, hitting $142.79. The company had a trading volume of 1,297 shares, compared to its average volume of 17,089. Diamond Hill Investment Group, Inc. has a 52 week low of $122.32 and a 52 week high of $173.25. The business's 50-day moving average is $137.07 and its 200 day moving average is $148.62. The company has a market cap of $389.53 million, a P/E ratio of 8.09 and a beta of 0.76.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share (EPS) for the quarter. The business had revenue of $37.12 million for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 2nd. This represents a $6.00 annualized dividend and a yield of 4.20%. Diamond Hill Investment Group's payout ratio is presently 40.60%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

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.