Hsbc Holdings PLC Acquires Shares of 1,535 Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Hsbc Holdings PLC bought a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) in the second quarter, HoldingsChannel reports. The firm bought 1,535 shares of the asset manager’s stock, valued at approximately $214,000.

Other hedge funds have also modified their holdings of the company. Dean Capital Management raised its position in Diamond Hill Investment Group by 2.3% in the fourth quarter. Dean Capital Management now owns 9,616 shares of the asset manager’s stock worth $1,592,000 after acquiring an additional 212 shares in the last quarter. Gerber LLC purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at about $317,000. Los Angeles Capital Management LLC acquired a new stake in shares of Diamond Hill Investment Group in the first quarter valued at about $2,473,000. Abundance Wealth Counselors boosted its holdings in Diamond Hill Investment Group by 11.2% during the first quarter. Abundance Wealth Counselors now owns 3,489 shares of the asset manager’s stock worth $538,000 after buying an additional 351 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Diamond Hill Investment Group by 141.9% during the first quarter. BNP Paribas Financial Markets now owns 5,100 shares of the asset manager’s stock worth $786,000 after buying an additional 2,992 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the transaction, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James F. Laird, Jr. sold 3,000 shares of the company’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 sale, the director now directly owns 25,000 shares in the company, valued at $3,755,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the sale, the director now owns 1,858 shares of the company’s stock, valued at approximately $300,327.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Diamond Hill Investment Group Trading Up 0.6 %

DHIL stock opened at $156.99 on Friday. The firm has a 50 day moving average of $156.07 and a 200-day moving average of $152.08. The company has a market cap of $435.33 million, a price-to-earnings ratio of 10.64 and a beta of 0.99. 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 data on Wednesday, July 31st. The asset manager reported $2.88 earnings per share (EPS) for the quarter. The firm 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%.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $6.00 annualized dividend and a dividend yield of 3.82%. Diamond Hill Investment Group’s dividend payout ratio is presently 40.65%.

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.