Diamond Hill Investment Group (NASDAQ:DHIL) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $156.47 and traded as low as $145.65. Diamond Hill Investment Group shares last traded at $147.03, with a volume of 12,467 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Trading Up 0.7 %

The firm has a market capitalization of $400.36 million, a price-to-earnings ratio of 8.33 and a beta of 1.02. The business has a 50-day moving average price of $160.46 and a two-hundred day moving average price of $156.47.

Diamond Hill Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 33.98%.

Insiders Place Their Bets

In other news, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $3,370,600. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Scott Cooley purchased 1,000 shares of the stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the completion of the transaction, the director now owns 9,387 shares in the company, valued at $1,429,170.75. This trade represents a 11.92 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 12,600 shares of company stock worth $2,136,080. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Diamond Hill Investment Group

Several hedge funds have recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Diamond Hill Investment Group during the 3rd quarter valued at $76,000. Western Pacific Wealth Management LP bought a new stake in shares of Diamond Hill Investment Group during the 3rd quarter worth about $81,000. FMR LLC increased its holdings in shares of Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock valued at $198,000 after acquiring an additional 891 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Diamond Hill Investment Group in the 2nd quarter valued at approximately $214,000. Finally, Janus Henderson Group PLC acquired a new stake in Diamond Hill Investment Group in the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.