Barclays PLC Buys 3,429 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Barclays PLC lifted its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 279.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,654 shares of the asset manager's stock after buying an additional 3,429 shares during the quarter. Barclays PLC owned approximately 0.17% of Diamond Hill Investment Group worth $753,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DHIL. Frazier Financial Advisors LLC purchased a new position in shares of Diamond Hill Investment Group during the third quarter valued at approximately $76,000. Western Pacific Wealth Management LP purchased a new position in Diamond Hill Investment Group in the 3rd quarter worth approximately $81,000. Allspring Global Investments Holdings LLC boosted its stake in Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager's stock valued at $104,000 after purchasing an additional 320 shares during the last quarter. FMR LLC grew its stake 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 during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Diamond Hill Investment Group in the second quarter worth approximately $214,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Diamond Hill Investment Group Stock Performance

DHIL traded up $0.78 during trading on Wednesday, reaching $155.10. 9,393 shares of the company traded hands, compared to its average volume of 17,155. The company has a market cap of $422.34 million, a P/E ratio of 8.78 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. The firm has a fifty day simple moving average of $161.11 and a 200 day simple moving average of $155.86.

Diamond Hill Investment Group Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.87%. Diamond Hill Investment Group's dividend payout ratio is currently 33.98%.

Insider Activity at Diamond Hill Investment Group

In other news, Director James F. Laird, Jr. sold 1,000 shares of Diamond Hill Investment Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $171.07, for a total value of $171,070.00. Following the completion of the transaction, the director now owns 19,000 shares in the company, valued at approximately $3,250,330. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula R. Meyer sold 300 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $169.00, for a total value of $50,700.00. Following the sale, the director now owns 3,187 shares in the company, valued at $538,603. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock valued at $2,136,080. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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 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.