Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,445 shares of the asset manager's stock after selling 2,168 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.46% of Diamond Hill Investment Group worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Diamond Hill Investment Group by 0.3% during the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager's stock worth $26,948,000 after purchasing an additional 500 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Diamond Hill Investment Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager's stock worth $11,797,000 after purchasing an additional 1,215 shares during the last quarter. Evergreen Wealth Management LLC grew its holdings in shares of Diamond Hill Investment Group by 2.7% during the fourth quarter. Evergreen Wealth Management LLC now owns 27,179 shares of the asset manager's stock worth $4,216,000 after buying an additional 725 shares in the last quarter. Dean Investment Associates LLC grew its holdings in shares of Diamond Hill Investment Group by 3.5% during the third quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager's stock worth $4,071,000 after buying an additional 847 shares in the last quarter. Finally, BCGM Wealth Management LLC raised its position in shares of Diamond Hill Investment Group by 3.3% in the fourth quarter. BCGM Wealth Management LLC now owns 19,534 shares of the asset manager's stock valued at $3,030,000 after buying an additional 615 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

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Diamond Hill Investment Group Stock Up 0.0 %

Shares of NASDAQ:DHIL traded up $0.04 during midday trading on Tuesday, reaching $147.63. The company's stock had a trading volume of 13,986 shares, compared to its average volume of 16,739. The firm has a market cap of $411.44 million, a price-to-earnings ratio of 8.33 and a beta of 1.02. The business has a 50 day moving average price of $149.54 and a 200 day moving average price of $155.98. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.06%. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 38.39%.

Insider Activity

In other news, Director Richard Scott Cooley purchased 272 shares of the company's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $144.00 per share, for a total transaction of $39,168.00. Following the completion of the purchase, the director now directly owns 9,659 shares of the company's stock, valued at $1,390,896. The trade was a 2.90 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday.

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.