AQR Capital Management LLC Boosts Stake in Diamond Hill Investment Group, Inc. $DHIL

AQR Capital Management LLC raised its position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Free Report) by 29.6% in the first quarter, Holdings Channel.com reports. The fund owned 37,990 shares of the asset manager’s stock after buying an additional 8,675 shares during the quarter. AQR Capital Management LLC’s holdings in Diamond Hill Investment Group were worth $5,426,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Diamond Hill Investment Group by 68.5% in the first quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock worth $39,000 after buying an additional 111 shares during the period. State of Wyoming purchased a new stake in shares of Diamond Hill Investment Group in the first quarter worth about $54,000. CWM LLC boosted its position in shares of Diamond Hill Investment Group by 969.6% in the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock worth $86,000 after buying an additional 543 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter worth about $109,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter worth about $199,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.
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Insider Buying and Selling
In related news, Director Paula R. Meyer sold 350 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $141.80, for a total value of $49,630.00. Following the completion of the transaction, the director owned 3,763 shares of the company’s stock, valued at approximately $533,593.40. This represents a 8.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.60% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd.
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Diamond Hill Investment Group Stock Performance
Shares of DHIL opened at $142.18 on Friday. The company has a market capitalization of $388.15 million, a P/E ratio of 8.09 and a beta of 0.80. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The stock has a 50-day moving average price of $146.76 and a 200 day moving average price of $142.45.
Diamond Hill Investment Group (NASDAQ:DHIL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The asset manager reported $2.86 EPS for the quarter. The firm had revenue of $36.03 million during the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%.
Diamond Hill Investment Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $6.00 dividend on an annualized basis and a yield of 4.2%. Diamond Hill Investment Group’s dividend payout ratio is currently 34.13%.
Diamond Hill Investment Group Profile
(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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