Trexquant Investment LP Sells 1,811 Shares of Diamond Hill Investment Group, Inc. $DHIL

Key Points

• Trexquant Investment LP has reduced its stake in Diamond Hill Investment Group by 50.7%, now owning approximately 0.06% of the company, valued at $251,000.
• Signaturefd LLC and other investors have increased their positions, with Signaturefd boosting its holdings by 68.5% during the same period.
• Diamond Hill Investment Group declared a quarterly dividend of $1.50, representing a yield of 4.3%, to be paid to shareholders on September 12th.

Trexquant Investment LP trimmed its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 50.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,758 shares of the asset manager's stock after selling 1,811 shares during the quarter. Trexquant Investment LP owned about 0.06% of Diamond Hill Investment Group worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC raised its stake in Diamond Hill Investment Group by 68.5% during the 1st 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. Rhumbline Advisers raised its stake in shares of Diamond Hill Investment Group by 4.6% in the 1st quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager's stock valued at $593,000 after buying an additional 181 shares in the last quarter. Invesco Ltd. raised its stake in shares of Diamond Hill Investment Group by 3.4% in the 1st quarter. Invesco Ltd. now owns 8,852 shares of the asset manager's stock valued at $1,264,000 after buying an additional 288 shares in the last quarter. Abundance Wealth Counselors raised its stake in shares of Diamond Hill Investment Group by 6.8% in the 1st quarter. Abundance Wealth Counselors now owns 4,888 shares of the asset manager's stock valued at $698,000 after buying an additional 310 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Diamond Hill Investment Group by 31.2% in the 1st quarter. AlphaQuest LLC now owns 1,912 shares of the asset manager's stock valued at $273,000 after buying an additional 455 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paula R. Meyer sold 350 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $141.80, for a total transaction of $49,630.00. Following the completion of the sale, the director owned 3,763 shares in the company, valued at $533,593.40. The trade was a 8.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Stock Performance

DHIL traded down $0.37 during midday trading on Monday, hitting $141.81. The company had a trading volume of 16,602 shares, compared to its average volume of 24,609. The company has a market capitalization of $387.14 million, a PE ratio of 8.07 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 firm's 50-day simple moving average is $146.50 and its 200-day simple moving average is $142.37.

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

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, August 29th. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 34.13%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a research note 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.