Evergreen Wealth Management LLC Sells 12,557 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Evergreen Wealth Management LLC reduced its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,622 shares of the asset manager's stock after selling 12,557 shares during the quarter. Evergreen Wealth Management LLC owned about 0.52% of Diamond Hill Investment Group worth $2,089,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new stake in shares of Diamond Hill Investment Group during the 1st quarter valued at approximately $3,387,000. Citadel Advisors LLC boosted its position in Diamond Hill Investment Group by 765.3% during the 4th quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager's stock worth $1,843,000 after buying an additional 10,508 shares during the period. American Century Companies Inc. boosted its position 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 period. Millennium Management LLC boosted its position in Diamond Hill Investment Group by 35.7% during the 4th quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock worth $4,463,000 after buying an additional 7,569 shares during the period. Finally, JPMorgan Chase & Co. boosted its position 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 period. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Trading Down 1.5%

NASDAQ:DHIL traded down $2.27 during mid-day trading on Friday, hitting $151.71. 15,208 shares of the company's stock were exchanged, compared to its average volume of 21,818. The company has a 50 day simple moving average of $144.96 and a 200-day simple moving average of $143.57. Diamond Hill Investment Group, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $173.25. The firm has a market capitalization of $414.17 million, a P/E ratio of 10.26 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 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 Dividend Announcement

The company 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 3.95%. Diamond Hill Investment Group's dividend payout ratio (DPR) is currently 40.60%.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 1,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were purchased at an average price of $124.50 per share, for a total transaction of $124,500.00. Following the completion of the acquisition, the director owned 12,735 shares in the company, valued at approximately $1,585,507.50. This represents a 8.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jo Ann Quinif acquired 2,750 shares of the stock in a transaction on 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 acquisition, the insider owned 25,763 shares of the company's stock, valued at approximately $3,710,129.63. The trade was a 11.95% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 4,152 shares of company stock worth $573,803 in the last 90 days. Corporate insiders own 4.60% of the company's stock.

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.