Trinity Financial Advisors LLC Takes Position in Diamond Hill Investment Group, Inc. $DHIL

Key Points

• Trinity Financial Advisors LLC invested approximately $509,000 in Diamond Hill Investment Group by purchasing 3,500 shares, representing about 0.13% ownership of the company.
• Several hedge funds, including Jane Street Group LLC and Citadel Advisors LLC, significantly increased their positions in Diamond Hill Investment Group during the fourth quarter, with Citadel Advisors raising its stake by 765.3%.
• Diamond Hill Investment Group declared a quarterly dividend of $1.50 per share, with an annualized yield of 4.2%, reflecting a dividend payout ratio of 34.13%.

Trinity Financial Advisors LLC acquired a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,500 shares of the asset manager's stock, valued at approximately $509,000. Trinity Financial Advisors LLC owned approximately 0.13% of Diamond Hill Investment Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Diamond Hill Investment Group by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 22,649 shares of the asset manager's stock worth $3,235,000 after purchasing an additional 3,980 shares during the last quarter. Rhumbline Advisers increased its position in Diamond Hill Investment Group by 4.6% during the first quarter. Rhumbline Advisers now owns 4,154 shares of the asset manager's stock valued at $593,000 after acquiring an additional 181 shares during the last quarter. Strs Ohio purchased a new stake in shares of Diamond Hill Investment Group during the first quarter valued at about $514,000. Jane Street Group LLC increased its holdings in Diamond Hill Investment Group by 170.7% in the 1st quarter. Jane Street Group LLC now owns 11,079 shares of the asset manager's stock worth $1,583,000 after buying an additional 6,987 shares during the period. Finally, Millennium Management LLC grew its stake in Diamond Hill Investment Group by 69.4% in the 1st quarter. Millennium Management LLC now owns 48,739 shares of the asset manager's stock valued at $6,962,000 after acquiring an additional 19,962 shares during the period. Institutional investors own 65.50% of the company's stock.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Paula R. Meyer sold 350 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $141.80, for a total transaction of $49,630.00. Following the transaction, the director owned 3,763 shares of the company's stock, valued at $533,593.40. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Trading Down 0.9%

NASDAQ DHIL traded down $1.30 during trading hours on Friday, reaching $141.45. 5,068 shares of the company's stock were exchanged, compared to its average volume of 25,594. The firm has a fifty day moving average of $145.56 and a 200-day moving average of $142.32. The stock has a market cap of $386.17 million, a PE ratio of 8.03 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

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

Diamond Hill Investment Group Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

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.