Assenagon Asset Management S.A. Buys 13,035 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Assenagon Asset Management S.A. grew its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 369.9% during the third quarter, Holdings Channel reports. The firm owned 16,559 shares of the asset manager’s stock after purchasing an additional 13,035 shares during the period. Assenagon Asset Management S.A.’s holdings in Diamond Hill Investment Group were worth $2,676,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Diamond Hill Investment Group by 76.0% in the second 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 in the last quarter. EntryPoint Capital LLC increased its position 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 acquiring an additional 922 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group during the second quarter valued at approximately $214,000. HM Payson & Co. increased its position in shares of Diamond Hill Investment Group by 286.9% during the first quarter. HM Payson & Co. now owns 1,416 shares of the asset manager’s stock valued at $218,000 after acquiring an additional 1,050 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Diamond Hill Investment Group during the second quarter valued at approximately $278,000. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Trading Down 1.0 %

Shares of DHIL opened at $155.04 on Thursday. The company has a market capitalization of $429.93 million, a price-to-earnings ratio of 10.50 and a beta of 0.99. The stock has a 50 day moving average of $157.02 and a 200 day moving average of $152.72. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.98.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued 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 during the quarter. Diamond Hill Investment Group had a return on equity of 19.58% and a net margin of 28.97%.

Insider Activity at Diamond Hill Investment Group

In related news, Director James F. Laird, Jr. sold 3,000 shares of the stock in a transaction that occurred 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 approximately $3,755,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total value 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. This trade represents a 0.00 % 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 firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

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.