Trexquant Investment LP Takes $554,000 Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Trexquant Investment LP acquired a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,569 shares of the asset manager's stock, valued at approximately $554,000. Trexquant Investment LP owned approximately 0.13% of Diamond Hill Investment Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DHIL. R Squared Ltd acquired a new position in Diamond Hill Investment Group during the 4th quarter valued at about $54,000. FMR LLC grew its position in Diamond Hill Investment Group by 268.4% in the third quarter. FMR LLC now owns 1,223 shares of the asset manager's stock worth $198,000 after buying an additional 891 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Diamond Hill Investment Group in the third quarter valued at $217,000. DGS Capital Management LLC acquired a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth $240,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

Diamond Hill Investment Group Price Performance

DHIL traded down $0.75 during trading on Friday, reaching $129.07. 14,163 shares of the stock traded hands, compared to its average volume of 17,218. The stock's 50-day simple moving average is $142.66 and its two-hundred day simple moving average is $152.04. Diamond Hill Investment Group, Inc. has a fifty-two week low of $128.18 and a fifty-two week high of $173.25. The stock has a market cap of $359.72 million, a price-to-earnings ratio of 7.31 and a beta of 0.83.

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

Diamond Hill Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group's dividend payout ratio is 38.39%.

Wall Street Analyst Weigh In

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.

Insider Activity

In other news, Director Richard Scott Cooley bought 272 shares of the company's stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 9,659 shares in the company, valued at $1,390,896. The trade was a 2.90 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 1,422 shares of company stock worth $205,593. Corporate insiders own 4.60% of the company's stock.

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.