Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Roderick H. Dillon, Jr. sold 13,481 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $215.83, for a total value of $2,909,604.23. Following the transaction, the director now directly owns 93,213 shares in the company, valued at $20,118,161.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) traded down $3.95 during trading hours on Thursday, hitting $211.06. The stock had a trading volume of 17,054 shares, compared to its average volume of 10,749. Diamond Hill Investment Group, Inc. has a 52-week low of $182.50 and a 52-week high of $219.90. The company has a market capitalization of $749.29, a PE ratio of 14.37 and a beta of 0.95.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $3.67 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 31.76% and a net margin of 35.08%. The firm had revenue of $36.77 million for the quarter.

The business also recently disclosed a dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be paid a dividend of $7.00 per share. The ex-dividend date is Thursday, November 30th.

Separately, BidaskClub raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

Several large investors have recently made changes to their positions in DHIL. Tdam USA Inc. boosted its holdings in shares of Diamond Hill Investment Group by 30.6% during the second quarter. Tdam USA Inc. now owns 5,117 shares of the asset manager’s stock worth $1,020,000 after purchasing an additional 1,198 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Diamond Hill Investment Group by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 11,778 shares of the asset manager’s stock worth $2,349,000 after purchasing an additional 57 shares during the period. Rational Advisors LLC purchased a new stake in shares of Diamond Hill Investment Group during the second quarter worth about $279,000. SG Americas Securities LLC purchased a new stake in shares of Diamond Hill Investment Group during the second quarter worth about $446,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Diamond Hill Investment Group by 4.8% during the second quarter. Victory Capital Management Inc. now owns 5,462 shares of the asset manager’s stock worth $1,089,000 after purchasing an additional 250 shares during the period. 60.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.

Insider Buying and Selling by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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