Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P raised its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 95.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,824 shares of the asset manager's stock after purchasing an additional 3,827 shares during the quarter. Martingale Asset Management L P owned 0.29% of Diamond Hill Investment Group worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new stake in shares of Diamond Hill Investment Group during the 3rd quarter valued at approximately $76,000. Western Pacific Wealth Management LP acquired a new position in shares of Diamond Hill Investment Group during the 3rd quarter worth approximately $81,000. Allspring Global Investments Holdings LLC raised its position in shares of Diamond Hill Investment Group by 76.0% during the 2nd 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 during the last quarter. FMR LLC raised its position in shares of Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager's stock worth $198,000 after purchasing an additional 891 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 65.50% 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 Price Performance

DHIL traded up $3.05 during trading on Monday, hitting $168.40. The company's stock had a trading volume of 8,176 shares, compared to its average volume of 17,027. The firm's 50 day moving average price is $161.05 and its 200-day moving average price is $154.91. The stock has a market cap of $458.05 million, a PE ratio of 9.54 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month 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. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 annualized dividend and a dividend yield of 3.56%. Diamond Hill Investment Group's dividend payout ratio is presently 33.98%.

Insider Activity

In other Diamond Hill Investment Group news, Director L'quentus Thomas sold 250 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were 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 represents a 11.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $3,370,600. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,850 shares of company stock valued at $2,176,490 in the last ninety days. Company insiders own 3.50% of the company's stock.

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.