Short Interest in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Expands By 37.0%

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) was the recipient of a significant 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. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.5% of the company’s stock are sold short.

Diamond Hill Investment Group Price Performance

Shares of Diamond Hill Investment Group stock traded down $1.16 during midday trading on Friday, hitting $159.46. The company had a trading volume of 20,464 shares, compared to its average volume of 17,073. Diamond Hill Investment Group has a 1-year low of $135.44 and a 1-year high of $173.98. The business’s 50 day simple moving average is $161.76 and its two-hundred day simple moving average is $155.38. The stock has a market cap of $433.73 million, a PE ratio of 9.05 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given 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 of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 33.98%.

Analyst Ratings Changes

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

Insider Buying and Selling at Diamond Hill Investment Group

In other news, Director James F. Laird, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $171.07, for a total value of $171,070.00. Following the completion of the sale, the director now directly owns 19,000 shares in the company, valued at approximately $3,250,330. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pierre Nicole Renee St. sold 300 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $167.00, for a total transaction of $50,100.00. Following the completion of the transaction, the director now owns 4,187 shares in the company, valued at $699,229. The trade was a 6.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,850 shares of company stock worth $2,176,490 over the last three months. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Diamond Hill Investment Group

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

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.