Citadel Advisors LLC Has $1.84 Million Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Citadel Advisors LLC increased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 765.3% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC raised its holdings 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 last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Diamond Hill Investment Group by 300.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock valued at $66,000 after purchasing an additional 319 shares during the last quarter. Algert Global LLC raised its holdings in shares of Diamond Hill Investment Group by 11.1% in the fourth 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. Invesco Ltd. raised its holdings in shares of Diamond Hill Investment Group by 3.9% in the fourth quarter. Invesco Ltd. now owns 8,564 shares of the asset manager's stock valued at $1,328,000 after purchasing an additional 323 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $54,000. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Stock Up 1.3%

Shares of NASDAQ:DHIL traded up $1.84 during midday trading on Thursday, hitting $142.87. The stock had a trading volume of 16,979 shares, compared to its average volume of 16,987. Diamond Hill Investment Group, Inc. has a 12 month low of $122.32 and a 12 month high of $173.25. The business's 50-day simple moving average is $136.38 and its 200-day simple moving average is $147.63. The company has a market cap of $389.75 million, a P/E ratio of 8.09 and a beta of 0.76.

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

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $6.00 annualized dividend and a dividend yield of 4.20%. Diamond Hill Investment Group's dividend payout ratio is presently 40.60%.

Insider Activity at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $146.00 per share, with a total value of $73,000.00. Following the completion of the transaction, the director now directly owns 10,159 shares in the company, valued at $1,483,214. This trade represents a 5.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders bought 2,824 shares of company stock valued at $383,369. 4.60% of the stock is owned by corporate insiders.

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.

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.