Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Holdings Cut by Boston Partners

Boston Partners reduced its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,757 shares of the asset manager’s stock after selling 1,257 shares during the period. Boston Partners owned 0.74% of Diamond Hill Investment Group worth $3,727,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Diamond Hill Investment Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 19,652 shares of the asset manager’s stock worth $3,681,000 after buying an additional 248 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Diamond Hill Investment Group by 26.0% during the 1st quarter. American Century Companies Inc. now owns 12,949 shares of the asset manager’s stock worth $2,425,000 after purchasing an additional 2,675 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Diamond Hill Investment Group by 49.7% during the 1st quarter. MetLife Investment Management LLC now owns 1,582 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 525 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Diamond Hill Investment Group by 30.7% in the 1st quarter. Sei Investments Co. now owns 2,907 shares of the asset manager’s stock valued at $540,000 after purchasing an additional 682 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Diamond Hill Investment Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 157,234 shares of the asset manager’s stock worth $29,450,000 after purchasing an additional 2,284 shares in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Performance

DHIL opened at $161.72 on Tuesday. The firm has a market cap of $465.43 million, a P/E ratio of 11.15 and a beta of 1.01. The business has a 50 day moving average price of $161.04 and a 200 day moving average price of $167.66. Diamond Hill Investment Group, Inc. has a twelve month low of $145.86 and a twelve month high of $196.00.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $2.85 earnings per share for the quarter. The business had revenue of $35.55 million during the quarter. Diamond Hill Investment Group had a net margin of 31.55% and a return on equity of 19.86%.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Wednesday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 41.35%.

Insider Activity

In related news, Director Paula R. Meyer sold 500 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $171.31, for a total transaction of $85,655.00. Following the completion of the transaction, the director now owns 2,764 shares of the company’s stock, valued at approximately $473,500.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

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 sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs.