Merit Financial Group LLC boosted its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 22.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 15,821 shares of the asset manager's stock after acquiring an additional 2,907 shares during the period. Merit Financial Group LLC owned 0.57% of Diamond Hill Investment Group worth $2,260,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Diamond Hill Investment Group by 4.6% in the 1st quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager's stock valued at $593,000 after buying an additional 181 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Diamond Hill Investment Group by 20.1% in the 4th quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager's stock valued at $275,000 after buying an additional 297 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Diamond Hill Investment Group by 300.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock valued at $66,000 after buying an additional 319 shares during the period. Algert Global LLC grew its holdings in shares of Diamond Hill Investment Group by 11.1% in the 4th quarter. Algert Global LLC now owns 3,214 shares of the asset manager's stock valued at $498,000 after buying an additional 321 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Diamond Hill Investment Group by 3.9% in the 4th quarter. Invesco Ltd. now owns 8,564 shares of the asset manager's stock valued at $1,328,000 after buying an additional 323 shares during the period. Institutional investors and hedge funds own 65.50% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.
Check Out Our Latest Report on DHIL
Insider Activity at Diamond Hill Investment Group
In related news, Director Richard Scott Cooley acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired at an average cost of $124.50 per share, with a total value of $124,500.00. Following the transaction, the director now owns 12,735 shares of the company's stock, valued at $1,585,507.50. The trade was a 8.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 2,052 shares of company stock valued at $271,201. 4.60% of the stock is owned by corporate insiders.
Diamond Hill Investment Group Stock Up 0.2%
Shares of DHIL stock opened at $137.50 on Friday. Diamond Hill Investment Group, Inc. has a 12-month low of $122.32 and a 12-month high of $173.25. The firm has a market capitalization of $375.10 million, a price-to-earnings ratio of 7.79 and a beta of 0.76. The firm has a fifty day moving average of $135.79 and a 200-day moving average of $146.55.
Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 EPS for the quarter. The business had revenue of $37.12 million for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.
Diamond Hill Investment Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $1.50 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.00 annualized dividend and a yield of 4.36%. Diamond Hill Investment Group's dividend payout ratio is currently 40.60%.
About Diamond Hill Investment Group
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding DHIL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report).
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