Teacher Retirement System of Texas Has $358,000 Stock Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Teacher Retirement System of Texas reduced its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 65.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,507 shares of the asset manager's stock after selling 4,723 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Diamond Hill Investment Group worth $358,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock valued at $66,000 after purchasing an additional 319 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Diamond Hill Investment Group during the 4th quarter valued at about $109,000. Point72 Asset Management L.P. bought a new position in Diamond Hill Investment Group during the 4th quarter valued at about $199,000. Deutsche Bank AG lifted its stake in Diamond Hill Investment Group by 49.9% during the 4th quarter. Deutsche Bank AG now owns 1,391 shares of the asset manager's stock valued at $216,000 after acquiring an additional 463 shares during the period. Finally, Polymer Capital Management US LLC bought a new position in Diamond Hill Investment Group during the 4th quarter valued at about $219,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard Scott Cooley bought 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 12,735 shares in the company, valued at $1,585,507.50. The trade was a 8.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jo Ann Quinif purchased 2,750 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $144.01 per share, for a total transaction of $396,027.50. Following the purchase, the insider owned 25,763 shares of the company's stock, valued at $3,710,129.63. This trade represents a 11.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 4,152 shares of company stock worth $573,803 over the last 90 days. 4.60% of the stock is currently owned by company insiders.

Diamond Hill Investment Group Stock Down 1.5%

DHIL traded down $2.27 on Friday, hitting $151.71. The company had a trading volume of 15,208 shares, compared to its average volume of 21,818. Diamond Hill Investment Group, Inc. has a 12-month low of $122.32 and a 12-month high of $173.25. The business's fifty day simple moving average is $144.96 and its 200 day simple moving average is $143.65. The company has a market cap of $414.17 million, a PE ratio of 10.26 and a beta of 0.80.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its 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 return on equity of 21.99% and a net margin of 26.68%.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $1.50 dividend. The ex-dividend date was Monday, June 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. Diamond Hill Investment Group's dividend payout ratio is presently 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.