Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Short Interest Update

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 38,500 shares, a growth of 37.0% from the November 15th total of 28,100 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 14,300 shares, the short-interest ratio is currently 2.7 days.

Diamond Hill Investment Group Stock Performance

Diamond Hill Investment Group stock traded down $1.16 during midday trading on Friday, reaching $159.46. The company’s stock had a trading volume of 20,464 shares, compared to its average volume of 17,073. The firm has a market capitalization of $433.73 million, a PE ratio of 9.03 and a beta of 1.02. Diamond Hill Investment Group has a fifty-two week low of $135.44 and a fifty-two week high of $173.98. The stock’s 50 day simple moving average is $161.81 and its 200 day simple moving average is $155.47.

Diamond Hill Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio is currently 33.98%.

Insiders Place Their Bets

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $3,370,600. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director L’quentus Thomas sold 250 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. This trade represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,850 shares of company stock valued at $2,176,490. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHIL. Barclays PLC increased its position in shares of Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after buying an additional 3,429 shares in the last quarter. Geode Capital Management LLC increased its holdings in Diamond Hill Investment Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock valued at $11,797,000 after acquiring an additional 1,215 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Diamond Hill Investment Group by 5.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager’s stock worth $311,000 after acquiring an additional 96 shares during the last quarter. Dean Investment Associates LLC lifted its holdings in shares of Diamond Hill Investment Group by 3.5% in the third quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager’s stock valued at $4,071,000 after purchasing an additional 847 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Diamond Hill Investment Group by 34.7% in the 3rd quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager’s stock valued at $463,000 after buying an additional 738 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

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.