Legato Capital Management LLC Sells 3,902 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Legato Capital Management LLC decreased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 37.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,539 shares of the asset manager's stock after selling 3,902 shares during the period. Legato Capital Management LLC owned about 0.23% of Diamond Hill Investment Group worth $934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DHIL. Signaturefd LLC grew its holdings in shares of Diamond Hill Investment Group by 68.5% during the 1st quarter. Signaturefd LLC now owns 273 shares of the asset manager's stock worth $39,000 after acquiring an additional 111 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock worth $66,000 after acquiring an additional 319 shares during the period. CWM LLC grew its holdings in shares of Diamond Hill Investment Group by 969.6% during the 1st quarter. CWM LLC now owns 599 shares of the asset manager's stock worth $86,000 after acquiring an additional 543 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Diamond Hill Investment Group during the 4th quarter worth approximately $109,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Diamond Hill Investment Group during the 4th quarter worth approximately $199,000. Hedge funds and other institutional investors own 65.50% of the company's stock.

Insider Buying and Selling

In related news, Director Richard Scott Cooley purchased 278 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $134.10 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jo Ann Quinif purchased 2,750 shares of the company's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost 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 in the company, valued at approximately $3,710,129.63. This represents a 11.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,152 shares of company stock worth $573,803. Insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Trading Down 0.3%

Shares of DHIL stock traded down $0.40 during midday trading on Monday, reaching $148.59. 9,026 shares of the stock were exchanged, compared to its average volume of 25,461. The company's 50 day moving average is $145.81 and its two-hundred day moving average is $143.45. Diamond Hill Investment Group, Inc. has a 1 year low of $122.32 and a 1 year high of $173.25. The firm has a market cap of $405.34 million, a PE ratio of 10.05 and a beta of 0.80.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its quarterly 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 firm had revenue of $37.12 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $1.50 dividend. The ex-dividend date was Monday, June 2nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.04%. Diamond Hill Investment Group's dividend payout ratio is currently 40.60%.

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.