Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,893 shares of the asset manager’s stock after purchasing an additional 580 shares during the quarter. Algert Global LLC owned 0.11% of Diamond Hill Investment Group worth $468,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in Diamond Hill Investment Group during the 3rd quarter valued at approximately $76,000. Western Pacific Wealth Management LP purchased a new position in shares of Diamond Hill Investment Group during the third quarter worth $81,000. Allspring Global Investments Holdings LLC lifted its position in Diamond Hill Investment Group by 76.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 320 shares during the period. Hsbc Holdings PLC purchased a new stake in Diamond Hill Investment Group in the second quarter valued at $214,000. Finally, HM Payson & Co. grew its position in Diamond Hill Investment Group by 286.9% during the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock worth $218,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 0.6 %

Shares of NASDAQ:DHIL opened at $165.35 on Friday. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.98. The business has a 50 day moving average of $160.90 and a two-hundred day moving average of $154.85. The company has a market capitalization of $450.25 million, a PE ratio of 9.36 and a beta of 1.00.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

Insider Activity at Diamond Hill Investment Group

In other news, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now directly owns 1,858 shares in the company, valued at $300,327.12. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pierre Nicole Renee St. sold 300 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $167.00, for a total value of $50,100.00. Following the transaction, the director now owns 4,187 shares in the company, valued at $699,229. This trade represents a 6.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,850 shares of company stock worth $2,176,490. 3.50% of the stock is owned by company insiders.

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.