19 hours Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,600 shares of the asset manager’s stock, valued at approximately $558,000.
KLP Kapitalforvaltning AS owned approximately 0.13% of Diamond Hill Investment Group at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Barclays PLC lifted its position in Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after purchasing an additional 3,429 shares during the last quarter.
Geode Capital Management LLC grew its holdings in Diamond Hill Investment Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock worth $11,797,000 after acquiring an additional 1,215 shares during the last quarter.
Allspring Global Investments Holdings LLC purchased a new position in Diamond Hill Investment Group during the 4th quarter valued at about $527,000. JPMorgan Chase & Co. increased its stake in shares of Diamond Hill Investment Group by 66.
4% during the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock valued at $1,820,000 after buying an additional 4,493 shares during the period.
Finally, Proficio Capital Partners LLC bought a new position in Diamond Hill Investment Group in the 4th quarter worth $3,729,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.
Diamond Hill Investment Group Stock PerformanceNASDAQ:DHIL opened at $145.80 on Thursday. The firm has a market cap of $406.
34 million, a P/E ratio of 8.26 and a beta of 0.83.
The firm has a 50-day simple moving average of $147.01 and a two-hundred day simple moving average of $154.40.
Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.
25. Diamond Hill Investment Group (NASDAQ:DHIL – Get Free Report) last issued its earnings results on Wednesday, February 26th. The asset manager reported $3.
66 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.
88%. The business had revenue of $39.12 million during the quarter.
Diamond Hill Investment Group Announces DividendThe firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $1.50 dividend.
This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.12%.
The ex-dividend date was Monday, March 10th. Diamond Hill Investment Group’s payout ratio is 38.39%.
Insider ActivityIn other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 272 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $144.00 per share, with a total value of $39,168.
00. Following the completion of the purchase, the director now directly owns 9,659 shares in the company, valued at approximately $1,390,896. The trade was a 2.
90 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 1,422 shares of company stock valued at $205,593 in the last 90 days.
Company insiders own 4.60% of the company’s stock. Analysts Set New Price TargetsSeparately, StockNews.
com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.Read Our Latest Report on Diamond Hill Investment GroupAbout Diamond Hill Investment Group (Free Report)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.
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