3,000 Shares in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Bought by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC made a new investment of approximately $429,000 in Diamond Hill Investment Group, acquiring 3,000 shares during the first quarter.
• Diamond Hill Investment Group recently announced a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 4.3%.
• Wall Street Zen upgraded Diamond Hill Investment Group from a "hold" to a "buy" rating, indicating increased confidence in the company's stock performance.

Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,000 shares of the asset manager's stock, valued at approximately $429,000. Annis Gardner Whiting Capital Advisors LLC owned about 0.11% of Diamond Hill Investment Group at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Diamond Hill Investment Group by 1.5% in the 1st quarter. Royce & Associates LP now owns 169,256 shares of the asset manager's stock valued at $24,177,000 after acquiring an additional 2,563 shares during the period. Dimensional Fund Advisors LP boosted its stake in Diamond Hill Investment Group by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager's stock valued at $12,352,000 after purchasing an additional 532 shares in the last quarter. Geode Capital Management LLC boosted its stake in Diamond Hill Investment Group by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager's stock valued at $11,554,000 after purchasing an additional 1,495 shares in the last quarter. Alps Advisors Inc. boosted its stake in Diamond Hill Investment Group by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 31,916 shares of the asset manager's stock valued at $4,559,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Diamond Hill Investment Group by 35.7% during the 4th quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock valued at $4,463,000 after purchasing an additional 7,569 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a research note on Saturday.

Diamond Hill Investment Group Price Performance

Shares of DHIL traded up $0.21 during trading hours on Wednesday, hitting $141.78. 25,009 shares of the company were exchanged, compared to its average volume of 33,210. The company has a market capitalization of $387.06 million, a PE ratio of 8.06 and a beta of 0.81. The firm has a fifty day simple moving average of $145.98 and a 200-day simple moving average of $143.19. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The asset manager reported $2.86 earnings per share for the quarter. The business had revenue of $36.03 million during the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $6.00 annualized dividend and a dividend yield of 4.2%. Diamond Hill Investment Group's dividend payout ratio (DPR) is currently 34.13%.

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, insider Jo Ann Quinif bought 2,750 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $144.01 per share, with a total value of $396,027.50. Following the completion of the transaction, the insider directly owned 25,763 shares in the company, valued at approximately $3,710,129.63. This represents a 11.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.

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.