Proficio Capital Partners LLC Makes New $3.73 Million Investment in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Proficio Capital Partners LLC purchased a new stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,041 shares of the asset manager's stock, valued at approximately $3,729,000. Proficio Capital Partners LLC owned approximately 0.88% of Diamond Hill Investment Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Wealth Management LLC increased its stake in Diamond Hill Investment Group by 62.1% in the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager's stock valued at $4,275,000 after purchasing an additional 10,138 shares in the last quarter. Barclays PLC increased its stake in Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager's stock valued at $753,000 after purchasing an additional 3,429 shares in the last quarter. Geode Capital Management LLC increased its stake in Diamond Hill Investment Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager's stock valued at $11,797,000 after purchasing an additional 1,215 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Diamond Hill Investment Group by 66.4% during the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager's stock worth $1,820,000 after acquiring an additional 4,493 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth about $527,000. 65.50% of the stock is owned by institutional investors.

Remove Ads

Diamond Hill Investment Group Price Performance

Shares of NASDAQ:DHIL traded up $3.73 during midday trading on Friday, hitting $152.53. 17,919 shares of the company's stock were exchanged, compared to its average volume of 16,674. The stock has a 50 day moving average price of $149.12 and a 200-day moving average price of $155.79. The company has a market cap of $425.10 million, a PE ratio of 8.64 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. The company 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group's payout ratio is 38.39%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Richard Scott Cooley acquired 272 shares of Diamond Hill Investment Group stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $144.00 per share, with a total value of $39,168.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 1,772 shares of company stock valued at $264,418. Corporate 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.