Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 91.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 159 shares of the asset manager’s stock after acquiring an additional 76 shares during the period. Tower Research Capital LLC TRC’s holdings in Diamond Hill Investment Group were worth $26,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $1,239,000. Charles Schwab Investment Management Inc. grew its stake in shares of Diamond Hill Investment Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,275 shares of the asset manager’s stock valued at $6,283,000 after buying an additional 5,532 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in shares of Diamond Hill Investment Group by 9.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 24,500 shares of the asset manager’s stock worth $4,130,000 after buying an additional 2,200 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Diamond Hill Investment Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 159,384 shares of the asset manager’s stock worth $26,867,000 after buying an additional 1,941 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Diamond Hill Investment Group by 42.3% in the fourth quarter. Merit Financial Group LLC now owns 6,272 shares of the asset manager’s stock valued at $1,038,000 after acquiring an additional 1,863 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

DHIL traded down $0.02 on Friday, reaching $151.90. 16,662 shares of the company’s stock were exchanged, compared to its average volume of 12,208. Diamond Hill Investment Group, Inc. has a twelve month low of $144.35 and a twelve month high of $188.28. The company’s 50 day moving average is $150.85 and its 200-day moving average is $156.95. The company has a market cap of $431.40 million, a price-to-earnings ratio of 10.59 and a beta of 0.97.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Thursday, February 29th. The asset manager reported $2.27 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 30.89% and a return on equity of 18.46%. The company had revenue of $33.82 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $1.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $6.00 annualized dividend and a yield of 3.95%. Diamond Hill Investment Group’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

Separately, StockNews.com raised Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th.

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.