Boston Partners Grows Position in Diamond Hill Investment Group, Inc. $DHIL

Key Points

• Boston Partners increased its stake in Diamond Hill Investment Group by 44.5%, now owning 20,705 shares valued at approximately $2.96 million.
• Diamond Hill Investment Group announced a quarterly dividend of $1.50, representing a yield of 4.2%, with the ex-dividend date set for August 29th.
• Wall Street Zen upgraded Diamond Hill Investment Group from a "hold" to a "buy" rating, suggesting a positive outlook for the company.

Boston Partners raised its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,705 shares of the asset manager's stock after acquiring an additional 6,377 shares during the period. Boston Partners owned approximately 0.74% of Diamond Hill Investment Group worth $2,958,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DHIL. Signaturefd LLC lifted its holdings in shares of Diamond Hill Investment Group by 68.5% in the 1st quarter. Signaturefd LLC now owns 273 shares of the asset manager's stock valued at $39,000 after buying an additional 111 shares during the period. Rhumbline Advisers lifted its holdings in shares of Diamond Hill Investment Group by 4.6% in the 1st quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager's stock valued at $593,000 after buying an additional 181 shares during the period. Invesco Ltd. lifted its holdings in shares of Diamond Hill Investment Group by 3.4% in the 1st quarter. Invesco Ltd. now owns 8,852 shares of the asset manager's stock valued at $1,264,000 after buying an additional 288 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 20.1% in the 4th quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager's stock valued at $275,000 after buying an additional 297 shares during the period. Finally, Abundance Wealth Counselors lifted its holdings in shares of Diamond Hill Investment Group by 6.8% in the 1st quarter. Abundance Wealth Counselors now owns 4,888 shares of the asset manager's stock valued at $698,000 after buying an additional 310 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Price Performance

Diamond Hill Investment Group stock traded up $5.3820 during trading hours on Friday, hitting $148.8220. The stock had a trading volume of 4,029 shares, compared to its average volume of 25,524. The stock has a market capitalization of $405.54 million, a price-to-earnings ratio of 8.48 and a beta of 0.81. Diamond Hill Investment Group, Inc. has a 1-year low of $122.32 and a 1-year high of $173.25. The stock's fifty day moving average is $146.54 and its two-hundred day moving average is $142.73.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The asset manager reported $2.86 earnings per share for the quarter. The company had revenue of $36.03 million for 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $6.00 annualized dividend and a yield of 4.0%. Diamond Hill Investment Group's dividend payout ratio is 34.13%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

Insiders Place Their Bets

In other news, insider Jo Ann Quinif bought 2,750 shares of the stock in a transaction on Friday, June 13th. The shares were bought at an average price of $144.01 per share, with a total value of $396,027.50. Following the completion of the acquisition, the insider owned 25,763 shares of the company's stock, valued at approximately $3,710,129.63. This trade represents a 11.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.60% of the company's stock.

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.