Boston Partners Sells 158 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Boston Partners cut its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,328 shares of the asset manager’s stock after selling 158 shares during the period. Boston Partners’ holdings in Diamond Hill Investment Group were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth $3,729,000. BCGM Wealth Management LLC raised its position in shares of 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 during the period. Evergreen Wealth Management LLC grew its holdings in 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 purchasing an additional 725 shares during the period. Legato Capital Management LLC increased its stake in Diamond Hill Investment Group by 5.8% in the fourth quarter. Legato Capital Management LLC now owns 10,441 shares of the asset manager’s stock valued at $1,619,000 after purchasing an additional 571 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $527,000. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.7 %

NASDAQ:DHIL opened at $143.66 on Friday. The stock has a market cap of $400.38 million, a price-to-earnings ratio of 8.13 and a beta of 1.01. The stock has a 50-day moving average price of $147.66 and a two-hundred day moving average price of $154.86. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The business 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.18%. Diamond Hill Investment Group’s payout ratio is 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 report on Friday, February 28th.

Insider Activity at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley purchased 500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $146.00 per share, with a total value of $73,000.00. Following the purchase, the director now directly owns 10,159 shares of the company’s stock, valued at $1,483,214. This trade represents a 5.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 1,272 shares of company stock valued at $184,168. 3.50% of the stock is owned by corporate insiders.

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.