2,175 Shares in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,175 shares of the asset manager's stock, valued at approximately $337,000. Voleon Capital Management LP owned about 0.08% of Diamond Hill Investment Group at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Diamond Hill Investment Group in the fourth quarter worth approximately $3,729,000. American Century Companies Inc. lifted its stake in shares of Diamond Hill Investment Group by 28.7% in the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Diamond Hill Investment Group by 66.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,731 shares of the asset manager's stock valued at $2,905,000 after acquiring an additional 7,469 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Diamond Hill Investment Group by 48.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 19,968 shares of the asset manager's stock valued at $3,097,000 after purchasing an additional 6,490 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Diamond Hill Investment Group in the 4th quarter valued at about $558,000. Institutional investors own 65.50% of the company's stock.

Insider Transactions at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley acquired 278 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $134.10 per share, with a total value of $37,279.80. Following the acquisition, the director now directly owns 13,829 shares of the company's stock, valued at approximately $1,854,468.90. The trade was a 2.05 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased a total of 2,824 shares of company stock valued at $383,369 in the last quarter. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL traded up $1.53 during mid-day trading on Wednesday, reaching $137.28. The stock had a trading volume of 3,021 shares, compared to its average volume of 17,322. The stock has a market capitalization of $382.60 million, a P/E ratio of 7.77 and a beta of 0.76. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The firm has a 50 day moving average price of $138.15 and a two-hundred day moving average price of $149.51.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 EPS for the quarter. The firm had revenue of $37.12 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group's payout ratio is 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.