Insider Selling: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Sells 300 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Paula R. Meyer sold 300 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $169.00, for a total transaction of $50,700.00. Following the sale, the director now directly owns 3,187 shares in the company, valued at approximately $538,603. The trade was a 8.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Diamond Hill Investment Group Stock Down 0.8 %

NASDAQ:DHIL traded down $1.29 during mid-day trading on Monday, hitting $169.43. 15,108 shares of the company traded hands, compared to its average volume of 17,183. The stock's fifty day moving average price is $158.41 and its 200-day moving average price is $153.87. The firm has a market cap of $461.36 million, a price-to-earnings ratio of 9.62 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.98.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.54%. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 33.98%.

Institutional Investors Weigh In On Diamond Hill Investment Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHIL. Royce & Associates LP increased its stake in shares of Diamond Hill Investment Group by 0.3% in the third 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. Renaissance Technologies LLC increased its stake in 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 worth $13,631,000 after buying an additional 3,400 shares in the last quarter. Geode Capital Management LLC raised its holdings in Diamond Hill Investment Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager's stock valued at $11,797,000 after acquiring an additional 1,215 shares during the period. Millennium Management LLC lifted its position in shares of Diamond Hill Investment Group by 39.3% in 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 in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Diamond Hill Investment Group by 18.3% during the second quarter. AQR Capital Management LLC now owns 30,826 shares of the asset manager's stock worth $4,339,000 after acquiring an additional 4,779 shares during the last quarter. Institutional investors own 65.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a 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.