Hotchkis & Wiley Capital Management LLC Sells 3,300 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Hotchkis & Wiley Capital Management LLC lowered its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,415 shares of the asset manager's stock after selling 3,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.41% of Diamond Hill Investment Group worth $6,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP raised its holdings 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 during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Diamond Hill Investment Group by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager's stock valued at $13,631,000 after purchasing an additional 3,400 shares in the last quarter. Millennium Management LLC raised its stake in shares of Diamond Hill Investment Group by 39.3% during the second quarter. Millennium Management LLC now owns 32,022 shares of the asset manager's stock valued at $4,507,000 after acquiring an additional 9,027 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Diamond Hill Investment Group by 18.3% during the 2nd quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager's stock worth $4,339,000 after buying an additional 4,779 shares during the period. Finally, American Century Companies Inc. lifted its stake in Diamond Hill Investment Group by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager's stock valued at $3,893,000 after acquiring an additional 2,935 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Diamond Hill Investment Group Trading Down 1.3 %

DHIL traded down $2.07 during trading on Friday, hitting $163.35. 7,750 shares of the company's stock were exchanged, compared to its average volume of 16,931. The stock has a 50 day moving average price of $161.49 and a 200 day moving average price of $155.13. The firm has a market cap of $444.31 million, a P/E ratio of 9.37 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.98.

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 annualized dividend and a dividend yield of 3.67%. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 33.98%.

Insider Transactions at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Pierre Nicole Renee St. sold 300 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $167.00, for a total value of $50,100.00. Following the transaction, the director now directly owns 4,187 shares in the company, valued at approximately $699,229. This trade represents a 6.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L'quentus Thomas sold 250 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,858 shares in the company, valued at $300,327.12. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,850 shares of company stock worth $2,176,490. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

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 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.