Diamond Hill Investment Group (NASDAQ:DHIL – Get Rating) was the target of a significant short interest rally in November. As of November 30, there were a total of 42,300 shares shorted, up 12.8% from the November 15 total of 37,500 shares. Based on an average daily trading volume of 10,900 shares, the current short-term interest rate is 3.9 days. About 1.5% of the shares are sold short.
Diamond Hill Investment Group price performance
Diamond Hill Investment Group shares opened Friday at $182.30. The company has a 50-day moving average price of $177.96 and a 200-day moving average price of $176.97. The company has a market cap of $549.82 million, a P/E of 13.17 and a beta of 0.98. His 52-week low is $160.00 and his 52-week high is $213.50 for Diamond Hill Investment Group.
Diamond Hill Investment Group Increases Dividend
The company recently announced its quarterly dividend, which was paid out on Friday, December 9th. A dividend of $5.50 per share was issued to investors of record on Friday, November 25th. This is an increase from Diamond Hill Investment Group’s previous quarterly dividend of $1.50. The ex-dividend date for this dividend was Wednesday, November 23. This represents an annualized dividend of $22.00 and his dividend yield of 12.07%. Diamond Hill Investment Group has a dividend payout ratio (DPR) of 43.35%.
Wall Street analyst opinion
Separately, StockNews.com began reporting on shares of Diamond Hill Investment Group in a research note on Wednesday, October 12th. They gave the stock a “Buy” rating.
Insider trading at Diamond Hill Investment Group
In another news from Diamond Hill Investment Group, CFO Thomas Edward Line sold 1,500 shares in the company in a transaction on Monday, November 14th. The shares were sold at an average price of $182.36, giving him a total of $273,540.00. After the sale, the Chief Financial Officer now owns 18,387 shares of the Company’s stock valued at approximately $3,353,053.32. The sale is disclosed in documents filed with the SEC and available on his website. A company insider owns his 3.50% of the company’s shares.
Hedge fund joins Diamond Hill Investment Group
A number of institutional investors and hedge funds have recently bought and sold DHIL shares. UBS Group AG increased its stake in Diamond Hill Investment Group by 25.4% in the third quarter. UBS Group AG owns 301 of his shares worth $50,000 in the asset manager after purchasing another 61 shares in the previous quarter. Prospector Partners LLC increased its holding of Diamond Hill Investment Group by 0.8% in the second quarter. Prospector Partners LLC now owns 11,950 shares of the asset manager worth $2,075,000 after acquiring an additional 100 shares of him during the previous quarter. Martingale Asset Management LP increased his position in Diamond Hill Investment Group by 2.7% in the second quarter. Martingale Asset Management LP owns his 3,793 shares worth $660,000 in the asset manager after acquiring another 100 shares during this period. Dean Capital Management increased its stake in Diamond Hill Investment Group by 1.0% in the second quarter. Dean Capital Management now owns 12,087 shares of the Asset Manager worth $2,099,000 after acquiring an additional 119 shares during the previous quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in Diamond Hill Investment Group by 1.1% in the second quarter. Mount Yale Investment Advisors LLC now owns 12,878 shares of the asset manager worth $2,236,000 after purchasing an additional 137 shares during this period. Institutional investors and hedge funds own 63.88% of the company’s shares.
Diamond Hill Investment Group Company Profile
Diamond Hill Investment Group, Inc., through its subsidiary, Diamond Hill Capital Management, Inc., provides investment advisory and fund management services in the United States. We sponsor, distribute and provide investment advisory and related services to our clients through pooled investment vehicles such as Diamond Hill funds, separately managed accounts and model distribution programs.
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