Port Capital LLC increased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 80.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,063 shares of the asset manager’s stock after buying an additional 2,250 shares during the quarter. Port Capital LLC’s holdings in Diamond Hill Investment Group were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Diamond Hill Investment Group by 200.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 750 shares of the asset manager’s stock valued at $124,000 after buying an additional 500 shares during the period. JBF Capital Inc. acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter valued at about $165,000. Virtu Financial LLC acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter valued at about $227,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Diamond Hill Investment Group in the 2nd quarter worth about $331,000. Finally, JPMorgan Chase & Co. raised its holdings in Diamond Hill Investment Group by 25.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,875 shares of the asset manager’s stock worth $310,000 after purchasing an additional 377 shares during the period. Hedge funds and other institutional investors own 58.62% of the company’s stock.
A number of equities analysts recently weighed in on the company. BidaskClub raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine cut Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Friday, September 7th.
Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Tuesday, October 30th. The asset manager reported $3.76 earnings per share for the quarter. The company had revenue of $37.47 million during the quarter. Diamond Hill Investment Group had a return on equity of 25.54% and a net margin of 36.57%.
The firm also recently declared a dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, December 3rd will be issued a $8.00 dividend. This is a boost from Diamond Hill Investment Group’s previous dividend of $7.00. The ex-dividend date of this dividend is Friday, November 30th.
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Diamond Hill Investment Group Profile
Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.
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