GAMMA Investing LLC Acquires 6,546 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

GAMMA Investing LLC boosted its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 26,184.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,571 shares of the asset manager's stock after acquiring an additional 6,546 shares during the quarter. GAMMA Investing LLC owned approximately 0.24% of Diamond Hill Investment Group worth $939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Diamond Hill Investment Group by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager's stock worth $12,352,000 after acquiring an additional 532 shares during the last quarter. Geode Capital Management LLC lifted its position in Diamond Hill Investment Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager's stock worth $11,554,000 after purchasing an additional 1,495 shares during the period. American Century Companies Inc. lifted its position in Diamond Hill Investment Group by 28.7% in the fourth quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager's stock worth $6,441,000 after purchasing an additional 9,258 shares during the period. Millennium Management LLC lifted its position in Diamond Hill Investment Group by 35.7% in the fourth quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock worth $4,463,000 after purchasing an additional 7,569 shares during the period. Finally, Evergreen Wealth Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 2.7% during the fourth quarter. Evergreen Wealth Management LLC now owns 27,179 shares of the asset manager's stock valued at $4,216,000 after acquiring an additional 725 shares during the period. Institutional investors own 65.50% of the company's stock.

Insider Transactions at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley acquired 278 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $134.10 per share, for a total transaction of $37,279.80. Following the purchase, the director now directly owns 13,829 shares in the company, valued at approximately $1,854,468.90. This trade represents a 2.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 1,552 shares of company stock worth $199,201 in the last 90 days. Corporate insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

Diamond Hill Investment Group Trading Down 0.5%

Diamond Hill Investment Group stock opened at $141.15 on Tuesday. The business has a 50-day moving average of $136.73 and a 200-day moving average of $145.01. 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 capitalization of $385.06 million, a P/E ratio of 7.99 and a beta of 0.80.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The business had revenue of $37.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders 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 yield of 4.25%. The ex-dividend date 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.

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