Insider Selling: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells 300 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Pierre Nicole Renee St. sold 300 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $167.00, for a total value of $50,100.00. Following the sale, the director now owns 4,187 shares in the company, valued at approximately $699,229. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Diamond Hill Investment Group Trading Down 1.6 %

NASDAQ:DHIL traded down $2.71 during mid-day trading on Tuesday, hitting $169.18. The company had a trading volume of 8,533 shares, compared to its average volume of 17,235. The firm has a market capitalization of $460.17 million, a price-to-earnings ratio of 9.65 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98. The business has a fifty day simple moving average of $157.19 and a 200-day simple moving average of $153.32.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 annualized dividend and a yield of 3.55%. Diamond Hill Investment Group's dividend payout ratio (DPR) is 33.98%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHIL. Frazier Financial Advisors LLC acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter worth approximately $76,000. Western Pacific Wealth Management LP bought a new position in Diamond Hill Investment Group during the third quarter worth about $81,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Diamond Hill Investment Group by 76.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager's stock valued at $104,000 after buying an additional 320 shares during the period. EntryPoint Capital LLC increased 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 worth $197,000 after buying an additional 922 shares in the last quarter. Finally, HM Payson & Co. boosted its position in shares of Diamond Hill Investment Group by 286.9% during the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager's stock worth $218,000 after purchasing an additional 1,050 shares in the last quarter. Institutional investors own 65.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 Company 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.