Exchange Traded Concepts LLC held a position in Diamond Hill Investment Group, Inc. during the fourth quarter, according to its most recent disclosure with the SEC. (NASDAQ:DHIL – Get Rating ) bought a new position. The firm purchased 2,164 shares of the asset manager’s stock, valued at approximately $400,000. Exchange Traded Concepts LLC owned 0.07% of Diamond Hill Investment Group at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Diamond Hill Investment Group during the 3rd quarter valued at approximately $25,000. UBS Group AG boosted its position in shares of Diamond Hill Investment Group by 25.4% in the third quarter. UBS Group AG now owns 301 shares of the asset manager’s stock worth $50,000 after purchasing an additional 61 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Diamond Hill Investment Group in the fourth quarter worth $68,000. Nisa Investment Advisors LLC boosted its position in shares of Diamond Hill Investment Group by 354.6% in the third quarter. Nisa Investment Advisors LLC now owns 641 shares of the asset manager’s stock valued at $108,000 after buying an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Diamond Hill Investment Group by 23.8% in the second quarter. BNP Parivas Arbitrage SA now owns 739 shares of the asset manager’s stock worth $128,000 after buying an additional 142 shares during the period. 62.83% of the stock is owned by hedge funds and other institutional investors.
Insider Activities at Diamond Hill Investment Group
In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 500 shares of the stock in a transaction dated Thursday, March 16th. The shares were acquired at an average cost of $158.00 per share, with a total value of $79,000.00. Following the transaction, the director now owns 6,437 shares of the company’s stock, valued at approximately $1,017,046. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this link. 3.50% of the stock is currently owned by insiders.
Diamond Hill Investment Group stock performance
Shares of DHIL stock opened at $169.68 on Friday. Diamond Hill Investment Group, Inc. has a one year low of $154.24 and a one year high of $197.00. The company’s 50-day moving average is $172.33 and its 200-day moving average is $176.82. The company has a market capitalization of $517.52 million, a price-to-earnings ratio of 12.95 and a beta of 0.94.
Diamond Hill Investment Group has cut its dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were given a dividend of $1.50 per share. This represents a $6.00 annual dividend and a yield of 3.54%. The ex-dividend date was Friday, March 3rd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 45.80%.
Wall Street analysts weigh in
Separately, StockNews.com began coverage on shares of Diamond Hill Investment Group in a research report on Thursday, March 16th. They issued a “buy” rating on the stock.
Diamond Hill Investment Group Company Profile
(Get Rating)
Diamond Hill Investment Group, Inc. operates as an independent investment management company. The firm is engaged in the provision of investment management and administration services. It offers equity, fixed income, mutual funds and corporate credits. The company was founded in April 1990 and is headquartered in Columbus, OH.
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