Abundance Wealth Counselors Has $738,000 Stock Holdings in Diamond Hill Investment Group, Inc. $DHIL

Abundance Wealth Counselors increased its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,075 shares of the asset manager’s stock after acquiring an additional 187 shares during the quarter. Abundance Wealth Counselors’ holdings in Diamond Hill Investment Group were worth $738,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Diamond Hill Investment Group by 68.5% in the 1st quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock worth $39,000 after purchasing an additional 111 shares during the period. State of Wyoming acquired a new position in shares of Diamond Hill Investment Group in the 1st quarter worth approximately $54,000. CWM LLC lifted its position in shares of Diamond Hill Investment Group by 969.6% in the 1st quarter. CWM LLC now owns 599 shares of the asset manager’s stock worth $86,000 after purchasing an additional 543 shares during the period. Parallel Advisors LLC lifted its position in shares of Diamond Hill Investment Group by 47.4% in the 2nd quarter. Parallel Advisors LLC now owns 662 shares of the asset manager’s stock worth $96,000 after purchasing an additional 213 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Diamond Hill Investment Group by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,581 shares of the asset manager’s stock worth $226,000 after purchasing an additional 78 shares during the period. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd.

Diamond Hill Investment Group Stock Up 0.9%

NASDAQ:DHIL opened at $140.74 on Friday. The company has a fifty day moving average of $143.06 and a 200-day moving average of $141.86. The firm has a market capitalization of $384.22 million, a P/E ratio of 8.01 and a beta of 0.81. Diamond Hill Investment Group, Inc. has a twelve month low of $122.32 and a twelve month high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Tuesday, July 29th. The asset manager reported $2.86 earnings per share for the quarter. The company had revenue of $36.03 million during the quarter. Diamond Hill Investment Group had a net margin of 31.71% and a return on equity of 21.38%.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.50 dividend. The ex-dividend date was Friday, August 29th. This represents a $6.00 annualized dividend and a dividend yield of 4.3%. Diamond Hill Investment Group’s payout ratio is currently 34.13%.

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $141.10, for a total transaction of $35,275.00. Following the completion of the sale, the director owned 2,534 shares in the company, valued at approximately $357,547.40. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paula R. Meyer sold 350 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $141.80, for a total transaction of $49,630.00. Following the sale, the director owned 3,763 shares of the company’s stock, valued at $533,593.40. This trade represents a 8.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

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.