Radnor Capital Management LLC purchased a new position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,265 shares of the asset manager’s stock, valued at approximately $217,000.
Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in Diamond Hill Investment Group in the first quarter valued at about $517,000. Financial Management Professionals Inc. boosted its stake in Diamond Hill Investment Group by 32.3% in the first quarter. Financial Management Professionals Inc. now owns 483 shares of the asset manager’s stock valued at $79,000 after buying an additional 118 shares in the last quarter. Abundance Wealth Counselors acquired a new stake in Diamond Hill Investment Group in the first quarter valued at about $382,000. Mount Yale Investment Advisors LLC boosted its stake in Diamond Hill Investment Group by 1.3% in the first quarter. Mount Yale Investment Advisors LLC now owns 13,616 shares of the asset manager’s stock valued at $2,241,000 after buying an additional 173 shares in the last quarter. Finally, Evergreen Wealth Management LLC boosted its stake in Diamond Hill Investment Group by 16.8% in the first quarter. Evergreen Wealth Management LLC now owns 13,174 shares of the asset manager’s stock valued at $2,168,000 after buying an additional 1,891 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.
Diamond Hill Investment Group Stock Down 0.3 %
Shares of DHIL stock traded down $0.42 during mid-day trading on Friday, reaching $166.28. 3,985 shares of the stock traded hands, compared to its average volume of 11,744. The stock’s fifty day simple moving average is $174.52 and its two-hundred day simple moving average is $169.32. Diamond Hill Investment Group, Inc. has a 1-year low of $154.24 and a 1-year high of $196.00. The company has a market cap of $488.86 million, a price-to-earnings ratio of 10.28 and a beta of 0.97.
Diamond Hill Investment Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, August 30th. Diamond Hill Investment Group’s payout ratio is 37.01%.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Diamond Hill Investment Group in a research note on Thursday, August 17th. They set a “strong-buy” rating on the stock.
Insider Buying and Selling
In related news, Director Paula R. Meyer sold 500 shares of Diamond Hill Investment Group stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $171.31, for a total value of $85,655.00. Following the transaction, the director now directly owns 2,764 shares of the company’s stock, valued at $473,500.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by 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 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.
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