Citadel Advisors LLC Buys 10,508 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Citadel Advisors LLC raised its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 765.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,881 shares of the asset manager's stock after acquiring an additional 10,508 shares during the period. Citadel Advisors LLC owned about 0.44% of Diamond Hill Investment Group worth $1,843,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Diamond Hill Investment Group by 13.7% during the 4th quarter. Bank of America Corp DE now owns 6,393 shares of the asset manager's stock worth $992,000 after buying an additional 772 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Diamond Hill Investment Group by 32.3% in the fourth quarter. Ameriprise Financial Inc. now owns 6,529 shares of the asset manager's stock valued at $1,013,000 after buying an additional 1,594 shares during the period. Algert Global LLC lifted its holdings in Diamond Hill Investment Group by 11.1% during the 4th quarter. Algert Global LLC now owns 3,214 shares of the asset manager's stock valued at $498,000 after purchasing an additional 321 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Diamond Hill Investment Group by 42.9% during the 4th quarter. Jane Street Group LLC now owns 4,092 shares of the asset manager's stock worth $635,000 after buying an additional 1,229 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new stake in Diamond Hill Investment Group during the fourth quarter worth approximately $337,000. Institutional investors and hedge funds own 65.50% of the company's stock.

Diamond Hill Investment Group Trading Up 3.4%

NASDAQ DHIL traded up $4.63 during trading on Tuesday, hitting $142.65. 14,208 shares of the company's stock were exchanged, compared to its average volume of 17,061. The stock's 50 day moving average price is $136.53 and its two-hundred day moving average price is $147.91. Diamond Hill Investment Group, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $173.25. The company has a market cap of $389.15 million, a PE ratio of 8.08 and a beta of 0.76.

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

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 40.60%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 1,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were purchased at an average price of $124.50 per share, for a total transaction of $124,500.00. Following the completion of the acquisition, the director now owns 12,735 shares in the company, valued at approximately $1,585,507.50. This represents a 8.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 2,824 shares of company stock valued at $383,369 over the last ninety days. 4.60% of the stock is 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.