XTX Topco Ltd Acquires New Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Key Points

• XTX Topco Ltd acquired a new stake in Diamond Hill Investment Group, purchasing 2,371 shares valued at approximately $339,000.
• Diamond Hill Investment Group announced a quarterly dividend of $1.50 to be paid on September 12th, representing an annualized yield of 4.2%.
• Analyst rating for Diamond Hill Investment Group has been upgraded from "hold" to "buy" by Wall Street Zen as of August 2nd.

XTX Topco Ltd acquired a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,371 shares of the asset manager's stock, valued at approximately $339,000. XTX Topco Ltd owned 0.09% of Diamond Hill Investment Group at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Diamond Hill Investment Group by 26,184.0% in the first quarter. GAMMA Investing LLC now owns 6,571 shares of the asset manager's stock valued at $939,000 after buying an additional 6,546 shares during the period. Rhumbline Advisers lifted its holdings in Diamond Hill Investment Group by 4.6% in the first 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. Citadel Advisors LLC lifted its holdings in Diamond Hill Investment Group by 765.3% in the fourth quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager's stock valued at $1,843,000 after buying an additional 10,508 shares during the period. Bank of America Corp DE lifted its holdings in Diamond Hill Investment Group by 13.7% in the fourth quarter. Bank of America Corp DE now owns 6,393 shares of the asset manager's stock valued at $992,000 after buying an additional 772 shares during the period. Finally, Millennium Management LLC increased its stake in Diamond Hill Investment Group by 35.7% in the fourth quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock valued at $4,463,000 after purchasing an additional 7,569 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 opened at $142.41 on Friday. Diamond Hill Investment Group, Inc. has a 52 week low of $122.32 and a 52 week high of $173.25. The company has a market capitalization of $388.07 million, a PE ratio of 8.10 and a beta of 0.81. The company has a 50 day moving average price of $145.97 and a two-hundred day moving average price of $143.03.

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

Diamond Hill Investment Group Dividend Announcement

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

Insider Buying and Selling

In related news, insider Jo Ann Quinif acquired 2,750 shares of the stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $144.01 per share, with a total value of $396,027.50. Following the completion of the transaction, the insider directly owned 25,763 shares of the company's stock, valued at approximately $3,710,129.63. The trade was a 11.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Diamond Hill Investment Group from a "hold" rating to a "buy" rating in a research note 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.

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