Barclays PLC Grows Stock Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Barclays PLC grew its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 279.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,654 shares of the asset manager's stock after acquiring an additional 3,429 shares during the period. Barclays PLC owned 0.17% of Diamond Hill Investment Group worth $753,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of Diamond Hill Investment Group in the third quarter valued at approximately $76,000. Western Pacific Wealth Management LP bought a new position in Diamond Hill Investment Group in the 3rd quarter valued at $81,000. FMR LLC grew its position in shares of Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager's stock valued at $198,000 after purchasing an additional 891 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Diamond Hill Investment Group in the third quarter worth $217,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group in the second quarter worth $214,000. 65.50% of the stock is owned by institutional investors.

Diamond Hill Investment Group Trading Down 1.1 %

Shares of NASDAQ DHIL traded down $1.67 during midday trading on Thursday, hitting $149.33. 8,874 shares of the company's stock were exchanged, compared to its average volume of 14,657. The business's fifty day moving average price is $160.14 and its two-hundred day moving average price is $156.43. The company has a market cap of $406.18 million, a price-to-earnings ratio of 8.46 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.25.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed 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 4.02%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group's dividend payout ratio (DPR) is currently 33.98%.

Insider Activity

In related news, Director James F. Laird, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the transaction, the director now directly owns 13,000 shares of the company's stock, valued at approximately $2,213,380. This trade represents a 31.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paula R. Meyer sold 300 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $169.00, for a total value of $50,700.00. Following the completion of the sale, the director now owns 3,187 shares of the company's stock, valued at $538,603. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,600 shares of company stock worth $2,136,080. 4.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a research 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.