1,059 Shares in Diamond Hill Investment Group, Inc. (DHIL) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,059 shares of the asset manager’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC bought a new position in Diamond Hill Investment Group during the second quarter worth $225,000. Principal Financial Group Inc. bought a new position in Diamond Hill Investment Group during the second quarter worth $297,000. Stifel Financial Corp raised its stake in Diamond Hill Investment Group by 2.9% during the second quarter. Stifel Financial Corp now owns 1,533 shares of the asset manager’s stock worth $306,000 after buying an additional 43 shares during the last quarter. Voya Investment Management LLC raised its stake in Diamond Hill Investment Group by 14.9% during the second quarter. Voya Investment Management LLC now owns 1,564 shares of the asset manager’s stock worth $312,000 after buying an additional 203 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in Diamond Hill Investment Group during the fourth quarter worth $351,000. 61.79% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub downgraded shares of Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 760 shares of Diamond Hill Investment Group stock in a transaction on Friday, December 8th. The shares were sold at an average price of $207.47, for a total value of $157,677.20. Following the completion of the sale, the director now directly owns 34,302 shares of the company’s stock, valued at $7,116,635.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Roderick H. Dillon, Jr. sold 2,127 shares of Diamond Hill Investment Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $215.46, for a total transaction of $458,283.42. Following the completion of the sale, the director now directly owns 93,213 shares of the company’s stock, valued at $20,083,672.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,297 shares of company stock valued at $5,410,516. Insiders own 7.30% of the company’s stock.

Shares of Diamond Hill Investment Group, Inc. (NASDAQ DHIL) opened at $201.17 on Wednesday. Diamond Hill Investment Group, Inc. has a 52 week low of $182.50 and a 52 week high of $219.90. The firm has a market cap of $697.91, a price-to-earnings ratio of 13.39 and a beta of 0.88.

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Diamond Hill Investment Group Company Profile

Diamond Hill Investment Group, Inc provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc (DHCM), Beacon Hill Fund Services, Inc (BHFS) and BHIL Distributors, Inc (BHIL). The Company’s primary objective is to fulfill its fiduciary duty to clients.

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Institutional Ownership by Quarter for Diamond Hill Investment Group (NASDAQ:DHIL)

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