Evergreen Wealth Management LLC Purchases 10,138 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Evergreen Wealth Management LLC raised its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 62.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,454 shares of the asset manager's stock after purchasing an additional 10,138 shares during the quarter. Diamond Hill Investment Group accounts for about 2.6% of Evergreen Wealth Management LLC's holdings, making the stock its 13th biggest holding. Evergreen Wealth Management LLC owned about 0.96% of Diamond Hill Investment Group worth $4,275,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in shares of Diamond Hill Investment Group during the third quarter worth about $81,000. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $104,000 after purchasing an additional 320 shares in the last quarter. EntryPoint Capital LLC increased its holdings in Diamond Hill Investment Group by 256.8% in the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager's stock worth $197,000 after purchasing an additional 922 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Diamond Hill Investment Group in the second quarter worth approximately $214,000. Finally, HM Payson & Co. increased its stake in shares of Diamond Hill Investment Group by 286.9% in the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager's stock valued at $218,000 after acquiring an additional 1,050 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Diamond Hill Investment Group Stock Down 0.1 %

DHIL traded down $0.16 during midday trading on Friday, hitting $170.72. The company had a trading volume of 7,818 shares, compared to its average volume of 17,193. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.98. The company has a market capitalization of $464.36 million, a price-to-earnings ratio of 9.67 and a beta of 1.00. The stock's 50 day moving average price is $158.41 and its 200 day moving average price is $153.82.

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group's payout ratio is presently 33.98%.

Insider Transactions at Diamond Hill Investment Group

In other news, Director L'quentus Thomas sold 250 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the transaction, the director now directly owns 1,858 shares of the company's stock, valued at $300,327.12. This trade represents a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James F. Laird, Jr. sold 1,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $3,250,330. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,550 shares of company stock valued at $1,104,230 over the last three months. Corporate insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 6th.

About Diamond Hill Investment Group

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.