JBF Capital Inc. Has $2.39 Million Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

JBF Capital Inc. trimmed its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,388 shares of the asset manager's stock after selling 11,000 shares during the quarter. Diamond Hill Investment Group accounts for 0.4% of JBF Capital Inc.'s portfolio, making the stock its 26th largest holding. JBF Capital Inc. owned approximately 0.57% of Diamond Hill Investment Group worth $2,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DHIL. R Squared Ltd acquired a new stake in shares of Diamond Hill Investment Group during the 4th quarter worth approximately $54,000. FMR LLC boosted its stake in Diamond Hill Investment Group by 268.4% during the third quarter. FMR LLC now owns 1,223 shares of the asset manager's stock worth $198,000 after buying an additional 891 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in Diamond Hill Investment Group in the 4th quarter valued at $219,000. DGS Capital Management LLC acquired a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at $240,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 20.1% during the 4th quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager's stock worth $275,000 after acquiring an additional 297 shares during the period. Institutional investors and hedge funds own 65.50% of the company's stock.

Diamond Hill Investment Group Price Performance

Shares of DHIL traded down $1.77 during mid-day trading on Friday, reaching $126.98. The company had a trading volume of 4,346 shares, compared to its average volume of 17,190. The company's 50-day moving average is $140.78 and its 200-day moving average is $151.03. The company has a market capitalization of $353.88 million, a P/E ratio of 7.20 and a beta of 0.83. Diamond Hill Investment Group, Inc. has a twelve month low of $124.00 and a twelve month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.12 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a yield of 4.73%. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 38.39%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 272 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $144.00 per share, for a total transaction of $39,168.00. Following the completion of the acquisition, the director now owns 9,659 shares of the company's stock, valued at approximately $1,390,896. This trade represents a 2.90 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 1,422 shares of company stock valued at $205,593. 4.60% of the stock is currently owned by insiders.

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.