Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Update

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 35,900 shares, a decline of 6.8% from the November 30th total of 38,500 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.4% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Diamond Hill Investment Group Stock Up 0.5 %

Shares of DHIL stock opened at $155.10 on Thursday. Diamond Hill Investment Group has a twelve month low of $135.44 and a twelve month high of $173.25. The stock’s fifty day simple moving average is $161.11 and its 200 day simple moving average is $155.86. The firm has a market capitalization of $422.34 million, a P/E ratio of 8.78 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Insider Activity

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 5,000 shares of Diamond Hill Investment Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $3,370,600. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Scott Cooley bought 1,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of $152.25 per share, with a total value of $152,250.00. Following the acquisition, the director now directly owns 9,387 shares of the company’s stock, valued at approximately $1,429,170.75. The trade was a 11.92 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 12,600 shares of company stock worth $2,136,080. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new position in shares of Diamond Hill Investment Group during the third quarter valued at $76,000. Western Pacific Wealth Management LP acquired a new stake in Diamond Hill Investment Group in the third quarter valued at $81,000. Allspring Global Investments Holdings LLC raised its position in Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock worth $104,000 after purchasing an additional 320 shares during the last quarter. FMR LLC grew its position in shares of Diamond Hill Investment Group by 268.4% in the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock valued at $198,000 after buying an additional 891 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Diamond Hill Investment Group in the third quarter valued at about $217,000. Institutional investors own 65.50% 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.