Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. Sells 3,000 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $150.20, for a total value of $450,600.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,755,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Diamond Hill Investment Group Trading Down 0.8 %

Shares of NASDAQ:DHIL traded down $1.17 during trading on Monday, reaching $149.01. 7,991 shares of the stock were exchanged, compared to its average volume of 18,089. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $175.60. The firm has a market cap of $413.20 million, a PE ratio of 10.17 and a beta of 1.00. The stock has a 50-day moving average price of $148.43 and a 200-day moving average price of $151.36.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, August 29th. This represents a $6.00 annualized dividend and a yield of 4.03%. Diamond Hill Investment Group’s dividend payout ratio is currently 40.65%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DHIL. Renaissance Technologies LLC lifted its stake in shares of Diamond Hill Investment Group by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 96,846 shares of the asset manager’s stock valued at $13,631,000 after acquiring an additional 3,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Diamond Hill Investment Group by 13.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,332 shares of the asset manager’s stock worth $7,010,000 after purchasing an additional 5,057 shares during the last quarter. American Century Companies Inc. raised its position in Diamond Hill Investment Group by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 27,660 shares of the asset manager’s stock worth $3,893,000 after purchasing an additional 2,935 shares during the last quarter. Bank of New York Mellon Corp raised its position in Diamond Hill Investment Group by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,910 shares of the asset manager’s stock worth $3,647,000 after purchasing an additional 1,935 shares during the last quarter. Finally, BCGM Wealth Management LLC raised its position in Diamond Hill Investment Group by 2.9% during the 2nd quarter. BCGM Wealth Management LLC now owns 18,638 shares of the asset manager’s stock worth $2,623,000 after purchasing an additional 529 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.