Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Sold by State Street Corp

State Street Corp lessened its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,394 shares of the asset manager’s stock after selling 189 shares during the quarter. State Street Corp’s holdings in Diamond Hill Investment Group were worth $13,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHIL. Bank of New York Mellon Corp grew its position in Diamond Hill Investment Group by 8.1% in 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. Allspring Global Investments Holdings LLC lifted its position in shares of Diamond Hill Investment Group by 76.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after acquiring an additional 320 shares in the last quarter. BCGM Wealth Management LLC lifted its position in shares of Diamond Hill Investment Group by 2.9% in the second 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 in the last quarter. Rhumbline Advisers grew its stake in Diamond Hill Investment Group by 1.7% in the second quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock valued at $577,000 after purchasing an additional 69 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Diamond Hill Investment Group by 4.8% during the 2nd quarter. Victory Capital Management Inc. now owns 7,020 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pierre Nicole Renee St. sold 300 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 4,187 shares in the company, valued at approximately $699,229. This represents a 6.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock worth $2,136,080 over the last three months. Insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

Diamond Hill Investment Group Stock Performance

Shares of NASDAQ:DHIL opened at $153.30 on Thursday. The company has a market capitalization of $417.44 million, a PE ratio of 8.68 and a beta of 1.02. The company has a 50 day moving average price of $161.52 and a two-hundred day moving average price of $155.65. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $6.00 annualized dividend and a dividend yield of 3.91%. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

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.