Teacher Retirement System of Texas Decreases Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Teacher Retirement System of Texas lessened its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) by 23.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,230 shares of the asset manager's stock after selling 2,253 shares during the period. Teacher Retirement System of Texas owned approximately 0.27% of Diamond Hill Investment Group worth $1,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Diamond Hill Investment Group by 1.7% in the 3rd 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 during the period. Evergreen Wealth Management LLC grew its holdings in shares of 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 buying an additional 725 shares during the last quarter. Dean Investment Associates LLC increased its position in shares of Diamond Hill Investment Group by 3.5% during the third quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager's stock worth $4,071,000 after acquiring an additional 847 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Diamond Hill Investment Group in the 4th quarter worth about $3,729,000. Finally, BCGM Wealth Management LLC lifted its position in Diamond Hill Investment Group by 3.3% in the 4th quarter. BCGM Wealth Management LLC now owns 19,534 shares of the asset manager's stock valued at $3,030,000 after acquiring an additional 615 shares in the last quarter. Institutional investors own 65.50% of the company's stock.

Insider Transactions at Diamond Hill Investment Group

In related news, Director Richard Scott Cooley purchased 500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $144.00 per share, for a total transaction of $72,000.00. Following the purchase, the director now directly owns 10,659 shares in the company, valued at approximately $1,534,896. This trade represents a 4.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 1,422 shares of company stock worth $205,593 in the last ninety days. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

Diamond Hill Investment Group Stock Up 0.7 %

DHIL stock traded up $1.04 during trading on Wednesday, reaching $145.80. The stock had a trading volume of 9,889 shares, compared to its average volume of 17,007. The company has a market capitalization of $406.34 million, a price-to-earnings ratio of 8.26 and a beta of 0.83. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The company's 50 day moving average is $147.01 and its two-hundred day moving average is $154.40.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The company had revenue of $39.12 million during 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group's dividend payout ratio is presently 38.39%.

Diamond Hill Investment Group 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.