Citadel Advisors LLC Boosts Holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Citadel Advisors LLC boosted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 765.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,881 shares of the asset manager's stock after purchasing an additional 10,508 shares during the quarter. Citadel Advisors LLC owned 0.44% of Diamond Hill Investment Group worth $1,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MetLife Investment Management LLC increased its holdings in 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. Tower Research Capital LLC TRC increased its holdings in Diamond Hill Investment Group by 300.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock valued at $66,000 after buying an additional 319 shares during the period. Algert Global LLC increased its holdings in Diamond Hill Investment Group by 11.1% in the 4th quarter. Algert Global LLC now owns 3,214 shares of the asset manager's stock valued at $498,000 after buying an additional 321 shares during the period. Invesco Ltd. increased its holdings in Diamond Hill Investment Group by 3.9% in the 4th quarter. Invesco Ltd. now owns 8,564 shares of the asset manager's stock valued at $1,328,000 after buying an additional 323 shares during the period. Finally, R Squared Ltd bought a new position in Diamond Hill Investment Group in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 65.50% of the company's stock.

Diamond Hill Investment Group Stock Performance

Shares of Diamond Hill Investment Group stock traded down $0.38 during midday trading on Wednesday, hitting $142.28. 5,045 shares of the company traded hands, compared to its average volume of 17,017. The stock has a market cap of $388.13 million, a price-to-earnings ratio of 8.06 and a beta of 0.76. The firm's fifty day moving average price is $136.49 and its 200-day moving average price is $147.87. Diamond Hill Investment Group, Inc. has a 12 month low of $122.32 and a 12 month high of $173.25.

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

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced 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. This represents a $6.00 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Monday, June 2nd. Diamond Hill Investment Group's payout ratio is 40.60%.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 278 shares of Diamond Hill Investment Group stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $134.10 per share, with a total value of $37,279.80. Following the acquisition, the director now directly owns 13,829 shares of the company's stock, valued at $1,854,468.90. The trade was a 2.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 2,824 shares of company stock valued at $383,369 in the last ninety days. 4.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.