James F. Laird, Jr. Sells 6,000 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 6,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $170.26, for a total transaction of $1,021,560.00. Following the sale, the director now directly owns 13,000 shares in the company, valued at $2,213,380. This trade represents a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Diamond Hill Investment Group Stock Up 1.4 %

DHIL stock opened at $170.56 on Friday. The stock’s 50 day moving average is $160.13 and its two-hundred day moving average is $154.48. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.98. The company has a market capitalization of $463.92 million, a PE ratio of 9.66 and a beta of 1.00.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.52%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 33.98%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in shares of Diamond Hill Investment Group during the third quarter worth about $76,000. Western Pacific Wealth Management LP acquired a new stake in Diamond Hill Investment Group during the third quarter valued at approximately $81,000. Allspring Global Investments Holdings LLC lifted its holdings in Diamond Hill Investment Group by 76.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock worth $104,000 after buying an additional 320 shares during the last quarter. FMR LLC lifted its holdings in Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock worth $198,000 after buying an additional 891 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Diamond Hill Investment Group in the 2nd quarter worth approximately $214,000. 65.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

About Diamond Hill Investment Group

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.