Allspring Global Investments Holdings LLC acquired a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,401 shares of the asset manager's stock, valued at approximately $527,000. Allspring Global Investments Holdings LLC owned 0.12% of Diamond Hill Investment Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth $54,000. Frazier Financial Advisors LLC acquired a new stake in shares of Diamond Hill Investment Group in the 3rd quarter worth $76,000. Western Pacific Wealth Management LP purchased a new stake in shares of Diamond Hill Investment Group in the third quarter valued at about $81,000. FMR LLC increased its stake in shares of Diamond Hill Investment Group by 268.4% during the third quarter. FMR LLC now owns 1,223 shares of the asset manager's stock worth $198,000 after acquiring an additional 891 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Diamond Hill Investment Group during the third quarter worth about $217,000. 65.50% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com raised Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th.
Get Our Latest Report on Diamond Hill Investment Group
Insider Transactions at Diamond Hill Investment Group
In related news, Director Richard Scott Cooley acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the transaction, the director now owns 9,387 shares in the company, valued at $1,429,170.75. This trade represents a 11.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company's stock.
Diamond Hill Investment Group Stock Up 0.6 %
DHIL stock traded up $0.93 on Friday, reaching $146.14. 76,468 shares of the company's stock were exchanged, compared to its average volume of 15,588. The stock has a fifty day moving average of $149.69 and a 200-day moving average of $155.99. The firm has a market cap of $397.94 million, a PE ratio of 8.28 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.25.
Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The business had revenue of $39.12 million for the quarter.
Diamond Hill Investment Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 annualized dividend and a dividend yield of 4.11%. Diamond Hill Investment Group's dividend payout ratio is presently 38.39%.
Diamond Hill Investment Group Company Profile
(
Free Report)
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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