Proficio Capital Partners LLC Buys Shares of 24,041 Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Proficio Capital Partners LLC acquired a new stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,041 shares of the asset manager's stock, valued at approximately $3,729,000. Proficio Capital Partners LLC owned about 0.88% of Diamond Hill Investment Group as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Diamond Hill Investment Group in the 4th quarter worth about $54,000. FMR LLC boosted its holdings 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 valued at $198,000 after acquiring an additional 891 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Diamond Hill Investment Group in the third quarter worth approximately $217,000. DGS Capital Management LLC purchased a new position in shares of Diamond Hill Investment Group during the fourth quarter valued at approximately $240,000. Finally, Y Intercept Hong Kong Ltd lifted its position in Diamond Hill Investment Group by 5.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager's stock valued at $311,000 after purchasing an additional 96 shares during the period. 65.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $144.00 per share, for a total transaction of $39,168.00. Following the completion of the transaction, the director now owns 9,659 shares of the company's stock, valued at approximately $1,390,896. This trade represents a 2.90 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 1,272 shares of company stock worth $184,168. 3.50% of the stock is owned by insiders.

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Diamond Hill Investment Group Stock Down 0.7 %

DHIL traded down $1.00 during trading on Friday, hitting $143.66. The company's stock had a trading volume of 42,294 shares, compared to its average volume of 16,556. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The business's 50 day simple moving average is $147.68 and its 200-day simple moving average is $154.96. The firm has a market cap of $400.38 million, a PE ratio of 8.13 and a beta of 1.01.

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

Diamond Hill Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 38.39%.

Analysts Set New Price Targets

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

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.