Goldman Sachs Group Inc. Has $3.24 Million Position in Diamond Hill Investment Group, Inc. $DHIL

Key Points

• Goldman Sachs Group Inc. increased its stake in Diamond Hill Investment Group by 21.3%, acquiring an additional 3,980 shares and now owns a total of 22,649 shares valued at approximately $3.2 million.
• Other institutional investors, including Vanguard Group and American Century Companies, also increased their holdings in Diamond Hill, signaling strong interest in the asset manager.
• Diamond Hill recently announced a quarterly dividend of $1.50 per share, representing a 4.2% dividend yield and a payout ratio of 34.13%.

Goldman Sachs Group Inc. boosted its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,649 shares of the asset manager's stock after buying an additional 3,980 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.83% of Diamond Hill Investment Group worth $3,235,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in shares of Diamond Hill Investment Group by 68.5% in 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 in the last quarter. State of Wyoming bought a new position in Diamond Hill Investment Group during the 1st quarter valued at about $54,000. CWM LLC boosted its position in Diamond Hill Investment Group by 969.6% in the first quarter. CWM LLC now owns 599 shares of the asset manager's stock valued at $86,000 after buying an additional 543 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Diamond Hill Investment Group during the fourth quarter worth about $199,000. Finally, Deutsche Bank AG increased its holdings in shares of Diamond Hill Investment Group by 49.9% during the fourth quarter. Deutsche Bank AG now owns 1,391 shares of the asset manager's stock worth $216,000 after buying an additional 463 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Performance

Shares of NASDAQ DHIL traded up $1.39 during trading on Monday, reaching $141.69. The company had a trading volume of 16,109 shares, compared to its average volume of 27,306. Diamond Hill Investment Group, Inc. has a 52 week low of $122.32 and a 52 week high of $173.25. The business's 50 day moving average price is $145.00 and its 200-day moving average price is $142.11. The stock has a market cap of $386.81 million, a PE ratio of 8.06 and a beta of 0.80.

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

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Diamond Hill Investment Group's dividend payout ratio is 34.13%.

Insider Transactions at Diamond Hill Investment Group

In related news, Director Paula R. Meyer sold 350 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the transaction, the director owned 3,763 shares in the company, valued at $533,593.40. This trade represents a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a report 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.