Martingale Asset Management L P Acquires 2,040 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Martingale Asset Management L P increased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,864 shares of the asset manager's stock after acquiring an additional 2,040 shares during the period. Martingale Asset Management L P owned about 0.36% of Diamond Hill Investment Group worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at approximately $54,000. FMR LLC raised its holdings in Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager's stock worth $198,000 after purchasing an additional 891 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter worth approximately $217,000. Polymer Capital Management US LLC acquired a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth $219,000. Finally, DGS Capital Management LLC acquired a new position in Diamond Hill Investment Group in the fourth quarter valued at $240,000. Institutional investors and hedge funds own 65.50% of the company's stock.

Insider Buying and Selling at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley bought 500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now directly owns 10,159 shares of the company's stock, valued at $1,483,214. This trade represents a 5.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders acquired 1,422 shares of company stock worth $205,593. 4.60% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Trading Up 0.8 %

NASDAQ DHIL traded up $1.04 on Thursday, hitting $130.86. 2,896 shares of the company were exchanged, compared to its average volume of 17,176. The company has a market cap of $364.70 million, a PE ratio of 7.32 and a beta of 0.83. The stock has a fifty day moving average of $143.00 and a 200-day moving average of $152.26. Diamond Hill Investment Group, Inc. has a 12 month low of $128.28 and a 12 month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group's payout ratio is currently 38.39%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.

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.