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

Citadel Advisors LLC increased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 765.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $54,000. Tower Research Capital LLC TRC grew its stake in shares of Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock worth $66,000 after purchasing an additional 319 shares during the period. Polymer Capital Management US LLC acquired a new position in shares of Diamond Hill Investment Group during the 4th quarter worth $219,000. DGS Capital Management LLC purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at about $240,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Diamond Hill Investment Group by 20.1% in the fourth quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager's stock valued at $275,000 after purchasing an additional 297 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley acquired 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $146.00 per share, with a total value of $73,000.00. Following the completion of the purchase, the director now directly owns 10,159 shares in the company, valued at approximately $1,483,214. The trade was a 5.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 2,824 shares of company stock worth $383,369. 4.60% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Stock Up 0.2%

NASDAQ DHIL traded up $0.33 during mid-day trading on Thursday, hitting $141.36. The stock had a trading volume of 8,216 shares, compared to its average volume of 16,947. The company has a 50 day simple moving average of $136.44 and a 200 day simple moving average of $147.83. The company has a market cap of $385.62 million, a price-to-earnings ratio of 8.00 and a beta of 0.76. Diamond Hill Investment Group, Inc. has a 52-week low of $122.32 and a 52-week high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share for the quarter. The company 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 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. The ex-dividend date is Monday, June 2nd. This represents a $6.00 annualized dividend and a yield of 4.24%. Diamond Hill Investment Group's dividend payout ratio (DPR) is currently 40.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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 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.