Assenagon Asset Management S.A. Trims Stock Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Assenagon Asset Management S.A. decreased its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 85.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,460 shares of the asset manager's stock after selling 14,099 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Diamond Hill Investment Group worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in Diamond Hill Investment Group in the second quarter valued at approximately $214,000. Marshall Wace LLP lifted its holdings in shares of Diamond Hill Investment Group by 4.9% in the 2nd quarter. Marshall Wace LLP now owns 6,966 shares of the asset manager's stock worth $980,000 after purchasing an additional 328 shares in the last quarter. AQR Capital Management LLC grew its position in Diamond Hill Investment Group by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager's stock valued at $4,339,000 after purchasing an additional 4,779 shares during the period. Millennium Management LLC increased its stake in Diamond Hill Investment Group by 39.3% during the 2nd quarter. Millennium Management LLC now owns 32,022 shares of the asset manager's stock valued at $4,507,000 after purchasing an additional 9,027 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Diamond Hill Investment Group by 64.2% during the second quarter. Algert Global LLC now owns 2,313 shares of the asset manager's stock worth $326,000 after buying an additional 904 shares during the last quarter. Institutional investors own 65.50% of the company's stock.

Diamond Hill Investment Group Trading Down 0.3 %

Shares of NASDAQ:DHIL traded down $0.42 during mid-day trading on Friday, reaching $149.80. The company had a trading volume of 14,677 shares, compared to its average volume of 12,878. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The company's 50-day moving average price is $157.41 and its 200-day moving average price is $156.81. The firm has a market cap of $407.46 million, a price-to-earnings ratio of 8.48 and a beta of 1.02.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $3.35 earnings per share for the quarter. The company had revenue of $39.02 million during the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group's dividend payout ratio is presently 33.98%.

Insider Transactions at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 1,000 shares of the company's stock in a transaction dated 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. The trade was a 11.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,600 shares of company stock valued at $2,136,080. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.