JPMorgan Chase & Co. Has $2.91 Million Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

JPMorgan Chase & Co. grew its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,731 shares of the asset manager's stock after acquiring an additional 7,469 shares during the period. JPMorgan Chase & Co. owned about 0.69% of Diamond Hill Investment Group worth $2,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at about $54,000. SG Americas Securities LLC grew its position in shares of Diamond Hill Investment Group by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 2,244 shares of the asset manager's stock valued at $348,000 after acquiring an additional 426 shares during the period. Legato Capital Management LLC grew its position in shares of Diamond Hill Investment Group by 5.8% in the 4th quarter. Legato Capital Management LLC now owns 10,441 shares of the asset manager's stock valued at $1,619,000 after acquiring an additional 571 shares during the period. BCGM Wealth Management LLC grew its position in shares of Diamond Hill Investment Group by 3.3% in the 4th quarter. BCGM Wealth Management LLC now owns 19,534 shares of the asset manager's stock valued at $3,030,000 after acquiring an additional 615 shares during the period. Finally, Evergreen Wealth Management LLC grew 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 valued at $4,216,000 after acquiring an additional 725 shares during the period. Institutional investors own 65.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Insider Buying and Selling

In related news, Director Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $144.00 per share, with a total value of $39,168.00. Following the completion of the transaction, the director now directly owns 9,659 shares of the company's stock, valued at $1,390,896. This represents a 2.90 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 1,422 shares of company stock valued at $205,593. Company insiders own 4.60% of the company's stock.

Diamond Hill Investment Group Stock Performance

Shares of DHIL stock traded up $0.48 during midday trading on Monday, hitting $128.70. 13,272 shares of the company were exchanged, compared to its average volume of 17,270. The firm has a market capitalization of $358.69 million, a P/E ratio of 7.29 and a beta of 0.83. The firm's 50 day moving average price is $139.98 and its two-hundred day moving average price is $150.62. Diamond Hill Investment Group, Inc. has a 52 week low of $124.00 and a 52 week high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last announced its earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. The business had revenue of $39.12 million during 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group's payout ratio is 38.39%.

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.