Millennium Management LLC Acquires 9,027 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Millennium Management LLC raised its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 39.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,022 shares of the asset manager’s stock after acquiring an additional 9,027 shares during the period. Millennium Management LLC owned approximately 1.15% of Diamond Hill Investment Group worth $4,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DHIL. Allspring Global Investments Holdings LLC grew 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 valued at $104,000 after purchasing an additional 320 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of Diamond Hill Investment Group by 256.8% during the first quarter. EntryPoint Capital LLC now owns 1,281 shares of the asset manager’s stock valued at $197,000 after buying an additional 922 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group in the second quarter worth approximately $214,000. HM Payson & Co. lifted its stake in shares of Diamond Hill Investment Group by 286.9% during the 1st quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock worth $218,000 after acquiring an additional 1,050 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Diamond Hill Investment Group during the 2nd quarter valued at $278,000. Institutional investors own 65.50% of the company’s stock.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,755,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the sale, the director now directly owns 1,858 shares of the company’s stock, valued at $300,327.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Diamond Hill Investment Group Stock Up 2.2 %

Shares of Diamond Hill Investment Group stock opened at $156.07 on Friday. 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 $432.78 million, a PE ratio of 10.57 and a beta of 0.99. The stock’s fifty day moving average is $155.75 and its two-hundred day moving average is $152.21.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $2.88 EPS for the quarter. The company had revenue of $36.66 million for the quarter. Diamond Hill Investment Group had a net margin of 28.97% and a return on equity of 19.58%.

Diamond Hill Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were issued a $1.50 dividend. The ex-dividend date was Thursday, August 29th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.84%. Diamond Hill Investment Group’s payout ratio is 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.