Pierre Nicole Renee St. Sells 300 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Pierre Nicole Renee St. sold 300 shares of the company’s stock in a transaction 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 sale, the director now directly owns 4,187 shares of the company’s stock, valued at $699,229. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Diamond Hill Investment Group Price Performance

Shares of Diamond Hill Investment Group stock opened at $169.18 on Thursday. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.98. The business’s 50 day simple moving average is $157.44 and its two-hundred day simple moving average is $153.44. The stock has a market capitalization of $460.17 million, a P/E ratio of 9.60 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.55%. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Institutional Investors Weigh In On Diamond Hill Investment Group

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Diamond Hill Investment Group by 141.9% in the first quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock worth $786,000 after purchasing an additional 2,992 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Diamond Hill Investment Group by 63.5% during the first quarter. Russell Investments Group Ltd. now owns 2,562 shares of the asset manager’s stock valued at $395,000 after buying an additional 995 shares during the period. EntryPoint Capital LLC raised its holdings in shares of Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after acquiring an additional 922 shares in the last quarter. Gabelli Funds LLC lifted its stake in Diamond Hill Investment Group by 48.8% in the first quarter. Gabelli Funds LLC now owns 8,333 shares of the asset manager’s stock worth $1,285,000 after acquiring an additional 2,733 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Diamond Hill Investment Group during the 1st quarter valued at $670,000. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

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.