Summit Global Investments Boosts Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Summit Global Investments lifted its position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,712 shares of the asset manager’s stock after purchasing an additional 525 shares during the quarter. Summit Global Investments’ holdings in Diamond Hill Investment Group were worth $449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHIL. Assenagon Asset Management S.A. acquired a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at $1,239,000. Charles Schwab Investment Management Inc. raised its holdings in Diamond Hill Investment Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,275 shares of the asset manager’s stock valued at $6,283,000 after buying an additional 5,532 shares during the period. Punch & Associates Investment Management Inc. lifted its position in Diamond Hill Investment Group by 9.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 24,500 shares of the asset manager’s stock valued at $4,130,000 after buying an additional 2,200 shares during the last quarter. Vanguard Group Inc. boosted its stake in Diamond Hill Investment Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 159,384 shares of the asset manager’s stock worth $26,867,000 after buying an additional 1,941 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Diamond Hill Investment Group by 6.6% during the third quarter. American Century Companies Inc. now owns 28,345 shares of the asset manager’s stock valued at $4,778,000 after acquiring an additional 1,754 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Stock Down 0.0 %

DHIL opened at $151.90 on Monday. The firm has a market cap of $431.40 million, a P/E ratio of 10.59 and a beta of 0.97. Diamond Hill Investment Group, Inc. has a 52 week low of $144.35 and a 52 week high of $188.28. The business has a fifty day simple moving average of $150.85 and a 200-day simple moving average of $156.92.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings results on Thursday, February 29th. The asset manager reported $2.27 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 30.89% and a return on equity of 18.46%. The business had revenue of $33.82 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Friday, March 8th. Diamond Hill Investment Group’s dividend payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a report on Thursday, January 25th.

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.