AQR Capital Management LLC Sells 1,271 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

AQR Capital Management LLC lowered its stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,315 shares of the asset manager’s stock after selling 1,271 shares during the quarter. AQR Capital Management LLC’s holdings in Diamond Hill Investment Group were worth $4,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DHIL. Tower Research Capital LLC TRC raised its stake in Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock worth $66,000 after acquiring an additional 319 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Diamond Hill Investment Group by 20.1% during the 4th quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager’s stock valued at $275,000 after buying an additional 297 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Diamond Hill Investment Group by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager’s stock worth $12,352,000 after buying an additional 532 shares during the period. Gabelli Funds LLC raised its holdings in Diamond Hill Investment Group by 20.9% during the fourth quarter. Gabelli Funds LLC now owns 10,139 shares of the asset manager’s stock valued at $1,573,000 after acquiring an additional 1,751 shares during the period. Finally, Barclays PLC boosted its stake in shares of Diamond Hill Investment Group by 8.9% in the fourth quarter. Barclays PLC now owns 5,067 shares of the asset manager’s stock worth $785,000 after acquiring an additional 413 shares during the period. 65.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Diamond Hill Investment Group Stock Performance

DHIL stock opened at $140.12 on Friday. The company has a market capitalization of $390.51 million, a PE ratio of 7.93 and a beta of 0.76. The company’s fifty day moving average price is $137.66 and its 200-day moving average price is $149.20. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings data on Tuesday, April 29th. The asset manager reported $3.23 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The business had revenue of $37.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $6.00 annualized dividend and a dividend yield of 4.28%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.60%.

Insider Activity

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $146.00 per share, with a total value of $73,000.00. Following the acquisition, the director now owns 10,159 shares in the company, valued at approximately $1,483,214. The trade was a 5.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders bought 2,824 shares of company stock worth $383,369. 4.60% of the stock is currently owned by insiders.

About Diamond Hill Investment Group

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.