Los Angeles Capital Management LLC Sells 1,665 Shares of Diamond Hill Investment Group, Inc. $DHIL

Los Angeles Capital Management LLC lowered its stake in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 15.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,383 shares of the asset manager’s stock after selling 1,665 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Diamond Hill Investment Group were worth $1,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Diamond Hill Investment Group by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,649 shares of the asset manager’s stock worth $3,235,000 after acquiring an additional 3,980 shares during the last quarter. CWM LLC lifted its position in shares of Diamond Hill Investment Group by 969.6% during the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock valued at $86,000 after purchasing an additional 543 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Diamond Hill Investment Group by 29.6% during the first quarter. AQR Capital Management LLC now owns 37,990 shares of the asset manager’s stock worth $5,426,000 after purchasing an additional 8,675 shares during the last quarter. Nuveen LLC purchased a new position in Diamond Hill Investment Group during the first quarter worth about $1,219,000. Finally, Trinity Financial Advisors LLC bought a new stake in Diamond Hill Investment Group in the 2nd quarter worth about $509,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHIL has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Diamond Hill Investment Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director Paula R. Meyer sold 350 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the completion of the sale, the director directly owned 3,763 shares of the company’s stock, valued at $533,593.40. This trade represents a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $141.10, for a total value of $35,275.00. Following the completion of the sale, the director owned 2,534 shares in the company, valued at approximately $357,547.40. The trade was a 8.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.60% of the company’s stock.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL opened at $132.66 on Thursday. The company has a market capitalization of $358.85 million, a PE ratio of 7.55 and a beta of 0.84. Diamond Hill Investment Group, Inc. has a 52-week low of $122.32 and a 52-week high of $172.84. The company has a 50-day simple moving average of $137.70 and a 200 day simple moving average of $141.67.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Thursday, October 30th. The asset manager reported $3.24 earnings per share for the quarter. Diamond Hill Investment Group had a net margin of 31.71% and a return on equity of 21.38%. The firm had revenue of $37.40 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, November 21st. Diamond Hill Investment Group’s dividend payout ratio is 34.84%.

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.