Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in Diamond Hill Investment Group by 1.5%, now owning approximately 6.07% of the company valued at about $24.2 million.
• Other institutional investors have also significantly increased their holdings, with some like Signaturefd LLC raising their stake by 68.5% in the first quarter.
• The company declared a quarterly dividend of $1.50 per share, providing a dividend yield of 4.03%, reflecting a stable payout ratio of 40.60%.

Royce & Associates LP lifted its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,256 shares of the asset manager's stock after purchasing an additional 2,563 shares during the period. Royce & Associates LP owned about 6.07% of Diamond Hill Investment Group worth $24,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHIL. American Century Companies Inc. lifted its holdings in Diamond Hill Investment Group by 28.7% during the 4th quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager's stock worth $6,441,000 after buying an additional 9,258 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Diamond Hill Investment Group during the 4th quarter worth about $558,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 7,469 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Diamond Hill Investment Group by 48.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,968 shares of the asset manager's stock worth $3,097,000 after buying an additional 6,490 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Diamond Hill Investment Group by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager's stock worth $11,554,000 after buying an additional 1,495 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Diamond Hill Investment Group

In other news, insider Jo Ann Quinif bought 2,750 shares of the business's stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $144.01 per share, for a total transaction of $396,027.50. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Scott Cooley purchased 278 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $134.10 per share, for a total transaction of $37,279.80. Following the transaction, the director directly owned 13,829 shares in the company, valued at $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 have bought 4,152 shares of company stock worth $573,803 in the last quarter. Insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL traded up $0.69 during trading on Monday, reaching $149.67. 9,524 shares of the company's stock were exchanged, compared to its average volume of 25,464. The stock has a market cap of $408.30 million, a P/E ratio of 10.13 and a beta of 0.80. The company has a 50 day moving average price of $145.81 and a two-hundred day moving average price of $143.45. Diamond Hill Investment Group, Inc. has a 1 year low of $122.32 and a 1 year high of $173.25.

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. Diamond Hill Investment Group had a return on equity of 21.99% and a net margin of 26.68%. The business had revenue of $37.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, June 2nd. Diamond Hill Investment Group's dividend payout ratio (DPR) is currently 40.60%.

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.