Mount Yale Investment Advisors LLC Has $1.77 Million Stock Position in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Mount Yale Investment Advisors LLC raised its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,477 shares of the asset manager’s stock after acquiring an additional 811 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Diamond Hill Investment Group were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DHIL. Quadrature Capital Ltd bought a new stake in shares of Diamond Hill Investment Group during the first quarter worth $670,000. Gabelli Funds LLC raised its holdings in Diamond Hill Investment Group by 48.8% during the 1st quarter. Gabelli Funds LLC now owns 8,333 shares of the asset manager’s stock worth $1,285,000 after purchasing an additional 2,733 shares during the last quarter. EntryPoint Capital LLC lifted its position in Diamond Hill Investment Group by 256.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after purchasing an additional 922 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Diamond Hill Investment Group by 63.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,562 shares of the asset manager’s stock valued at $395,000 after purchasing an additional 995 shares during the last quarter. Finally, BCGM Wealth Management LLC grew its position in shares of Diamond Hill Investment Group by 7.1% during the 1st quarter. BCGM Wealth Management LLC now owns 18,109 shares of the asset manager’s stock worth $2,792,000 after buying an additional 1,203 shares during the period. 65.50% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Heather E. Brilliant purchased 250 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, June 27th. The shares were bought at an average cost of $139.38 per share, with a total value of $34,845.00. Following the completion of the transaction, the chief executive officer now directly owns 46,589 shares in the company, valued at approximately $6,493,574.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Diamond Hill Investment Group news, CEO Heather E. Brilliant bought 250 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was acquired at an average cost of $139.38 per share, with a total value of $34,845.00. Following the purchase, the chief executive officer now owns 46,589 shares in the company, valued at $6,493,574.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jo Ann Quinif purchased 400 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of $139.24 per share, for a total transaction of $55,696.00. Following the purchase, the insider now owns 20,892 shares of the company’s stock, valued at approximately $2,909,002.08. The disclosure for this purchase can be found here. Insiders purchased a total of 1,150 shares of company stock valued at $165,541 in the last ninety days. 3.50% of the stock is owned by insiders.

Diamond Hill Investment Group Trading Down 2.7 %

Shares of DHIL traded down $4.42 on Monday, reaching $156.90. 9,480 shares of the company’s stock were exchanged, compared to its average volume of 17,720. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $182.66. The stock has a market capitalization of $434.61 million, a P/E ratio of 10.93 and a beta of 1.00. The business has a 50 day moving average price of $148.26 and a two-hundred day moving average price of $151.90.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results on Wednesday, May 8th. The asset manager reported $3.00 EPS for the quarter. Diamond Hill Investment Group had a net margin of 30.60% and a return on equity of 18.75%. The company had revenue of $36.30 million during the quarter.

Diamond Hill Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.00 annualized dividend and a dividend yield of 3.82%. Diamond Hill Investment Group’s payout ratio is currently 40.65%.

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.