Short Interest in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Expands By 37.0%

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 38,500 shares, a growth of 37.0% from the November 15th total of 28,100 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

Insider Buying and Selling

In other news, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. The trade was a 11.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now owns 4,187 shares in the company, valued at $699,229. The trade was a 6.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,850 shares of company stock valued at $2,176,490. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Diamond Hill Investment Group

Hedge funds have recently bought and sold shares of the business. Evergreen Wealth Management LLC boosted its stake in Diamond Hill Investment Group by 62.1% during the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 10,138 shares during the last quarter. Creative Planning bought a new position in shares of Diamond Hill Investment Group during the third quarter worth about $354,000. Quest Partners LLC grew its stake in Diamond Hill Investment Group by 3,651.1% in the second quarter. Quest Partners LLC now owns 3,451 shares of the asset manager’s stock worth $486,000 after purchasing an additional 3,359 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Diamond Hill Investment Group by 369.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,559 shares of the asset manager’s stock valued at $2,676,000 after buying an additional 13,035 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Diamond Hill Investment Group by 18.3% in the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager’s stock valued at $4,339,000 after buying an additional 4,779 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.7 %

DHIL stock traded down $1.16 during trading on Friday, reaching $159.46. The stock had a trading volume of 20,464 shares, compared to its average volume of 17,073. The firm has a fifty day moving average price of $161.81 and a 200 day moving average price of $155.47. The company has a market capitalization of $433.73 million, a P/E ratio of 9.03 and a beta of 1.02. Diamond Hill Investment Group has a 1-year low of $135.44 and a 1-year high of $173.98.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

About Diamond Hill Investment Group

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.