Concurrent Investment Advisors LLC Makes New $3.39 Million Investment in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Concurrent Investment Advisors LLC bought a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,713 shares of the asset manager's stock, valued at approximately $3,387,000. Concurrent Investment Advisors LLC owned approximately 0.85% of Diamond Hill Investment Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DHIL. Proficio Capital Partners LLC bought a new stake in Diamond Hill Investment Group during the 4th quarter worth about $3,729,000. Citadel Advisors LLC raised its holdings in Diamond Hill Investment Group by 765.3% during the fourth quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager's stock worth $1,843,000 after acquiring an additional 10,508 shares in the last quarter. American Century Companies Inc. boosted its position in Diamond Hill Investment Group by 28.7% during the fourth quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager's stock valued at $6,441,000 after purchasing an additional 9,258 shares during the last quarter. Millennium Management LLC grew its stake in Diamond Hill Investment Group by 35.7% in the fourth quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock valued at $4,463,000 after purchasing an additional 7,569 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Diamond Hill Investment Group by 66.3% during the 4th quarter. JPMorgan Chase & Co. now owns 18,731 shares of the asset manager's stock worth $2,905,000 after purchasing an additional 7,469 shares during the last quarter. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Trading Up 0.8%

Shares of Diamond Hill Investment Group stock traded up $1.29 on Thursday, reaching $158.38. 29,162 shares of the company were exchanged, compared to its average volume of 21,032. The company has a market capitalization of $432.38 million, a price-to-earnings ratio of 10.72 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The company has a 50-day moving average of $142.35 and a 200 day moving average of $143.64.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share (EPS) for the quarter. The firm had revenue of $37.12 million for the quarter. Diamond Hill Investment Group had a net margin of 26.68% and a return on equity of 21.99%.

Diamond Hill Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.50 per share. The ex-dividend date was Monday, June 2nd. This represents a $6.00 annualized dividend and a dividend yield of 3.79%. Diamond Hill Investment Group's dividend payout ratio is presently 40.60%.

Insider Activity

In other news, insider Jo Ann Quinif bought 2,750 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average cost of $144.01 per share, for a total transaction of $396,027.50. Following the purchase, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard Scott Cooley acquired 278 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $134.10 per share, for a total transaction of $37,279.80. Following the purchase, the director directly owned 13,829 shares of the company's stock, valued at approximately $1,854,468.90. This trade represents a 2.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 4,152 shares of company stock valued at $573,803 over the last quarter. 4.60% of the stock is currently owned by company 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.