Dean Capital Management Has $1.48 Million Holdings in Diamond Hill Investment Group, Inc. $DHIL

Key Points

• Dean Capital Management reduced its holdings in Diamond Hill Investment Group by 37.5%, now owning 10,381 shares worth $1.48 million.
• Institutional ownership of Diamond Hill Investment Group stands at 65.50%, with several organizations, including MIRAE ASSET and Signaturefd, increasing their stakes in the first quarter.
• Wall Street analysts upgraded Diamond Hill Investment Group from a "hold" rating to a "buy" rating, indicating a positive outlook for the stock.

Dean Capital Management decreased its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,381 shares of the asset manager's stock after selling 6,224 shares during the quarter. Dean Capital Management owned about 0.37% of Diamond Hill Investment Group worth $1,483,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Diamond Hill Investment Group by 68.5% during the first quarter. Signaturefd LLC now owns 273 shares of the asset manager's stock valued at $39,000 after purchasing an additional 111 shares during the last quarter. State of Wyoming purchased a new stake in shares of Diamond Hill Investment Group during the first quarter valued at $54,000. Tower Research Capital LLC TRC lifted its holdings in shares of Diamond Hill Investment Group by 300.9% during 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. CWM LLC lifted its holdings in shares of Diamond Hill Investment Group by 969.6% during the first quarter. CWM LLC now owns 599 shares of the asset manager's stock valued at $86,000 after purchasing an additional 543 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Diamond Hill Investment Group during the fourth quarter valued at $109,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL traded down $3.18 during trading hours on Friday, hitting $142.18. 29,236 shares of the company's stock traded hands, compared to its average volume of 24,609. The firm has a market cap of $388.15 million, a P/E ratio of 8.09 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a twelve month low of $122.32 and a twelve month high of $173.25. The stock's fifty day moving average price is $146.76 and its two-hundred day moving average price is $142.40.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The asset manager reported $2.86 earnings per share for the quarter. The firm had revenue of $36.03 million for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Diamond Hill Investment Group's payout ratio is presently 34.13%.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Paula R. Meyer sold 350 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the transaction, the director directly owned 3,763 shares of the company's stock, valued at $533,593.40. This represents a 8.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

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.