KLP Kapitalforvaltning AS Takes Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

KLP Kapitalforvaltning AS acquired a new position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,600 shares of the asset manager's stock, valued at approximately $558,000. KLP Kapitalforvaltning AS owned approximately 0.13% of Diamond Hill Investment Group as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in Diamond Hill Investment Group by 28.7% during the 4th quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager's stock worth $6,441,000 after buying an additional 9,258 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at about $3,729,000. BCGM Wealth Management LLC raised its holdings in Diamond Hill Investment Group by 3.3% during the fourth quarter. BCGM Wealth Management LLC now owns 19,534 shares of the asset manager's stock worth $3,030,000 after acquiring an additional 615 shares in the last quarter. Evergreen Wealth Management LLC boosted its position in 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 valued at $4,216,000 after purchasing an additional 725 shares during the last quarter. Finally, Legato Capital Management LLC grew its stake in Diamond Hill Investment Group by 5.8% in the fourth quarter. Legato Capital Management LLC now owns 10,441 shares of the asset manager's stock valued at $1,619,000 after purchasing an additional 571 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

Diamond Hill Investment Group Price Performance

NASDAQ DHIL traded down $3.23 on Monday, hitting $130.65. 19,395 shares of the stock were exchanged, compared to its average volume of 17,091. The company has a market capitalization of $364.12 million, a PE ratio of 7.40 and a beta of 0.83. The business's fifty day moving average is $146.06 and its 200 day moving average is $153.86. Diamond Hill Investment Group, Inc. has a 52 week low of $127.21 and a 52 week high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The business had revenue of $39.12 million during the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group's payout ratio is presently 38.39%.

Insider Buying and Selling at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley bought 500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $144.00 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now owns 10,659 shares in the company, valued at approximately $1,534,896. This trade represents a 4.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 1,422 shares of company stock valued at $205,593 in the last three months. 4.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.

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.