Millennium Management LLC Buys 7,569 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Millennium Management LLC raised its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,777 shares of the asset manager's stock after acquiring an additional 7,569 shares during the quarter. Millennium Management LLC owned about 1.06% of Diamond Hill Investment Group worth $4,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHIL. Dimensional Fund Advisors LP grew its holdings in shares of Diamond Hill Investment Group by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager's stock worth $12,352,000 after purchasing an additional 532 shares in the last quarter. Geode Capital Management LLC grew its position in Diamond Hill Investment Group by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager's stock worth $11,554,000 after acquiring an additional 1,495 shares during the last quarter. American Century Companies Inc. boosted its position in Diamond Hill Investment Group by 28.7% in the 4th quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager's stock valued at $6,441,000 after buying an additional 9,258 shares during the last quarter. Evergreen Wealth Management LLC boosted its position in shares of Diamond Hill Investment Group by 2.7% in the 4th quarter. Evergreen Wealth Management LLC now owns 27,179 shares of the asset manager's stock worth $4,216,000 after purchasing an additional 725 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Diamond Hill Investment Group in the 4th quarter worth $3,729,000. Institutional investors and hedge funds own 65.50% of the company's stock.

Insider Activity

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $146.00 per share, with a total value of $73,000.00. Following the acquisition, the director now directly owns 10,159 shares in the company, valued at approximately $1,483,214. The trade was a 5.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 2,552 shares of company stock valued at $344,201 over the last three months. Corporate insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Trading Down 0.2%

NASDAQ DHIL traded down $0.29 on Tuesday, hitting $138.40. 10,323 shares of the company's stock were exchanged, compared to its average volume of 16,828. The stock has a 50-day moving average of $136.03 and a 200-day moving average of $146.84. Diamond Hill Investment Group, Inc. has a 52 week low of $122.32 and a 52 week high of $173.25. The stock has a market cap of $377.56 million, a price-to-earnings ratio of 7.84 and a beta of 0.76.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group's dividend payout ratio is presently 40.60%.

Analyst Upgrades and Downgrades

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

About Diamond Hill Investment Group

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.