The Manufacturers Life Insurance Company Buys 4,841 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

The Manufacturers Life Insurance Company increased its holdings in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 197.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,290 shares of the asset manager’s stock after acquiring an additional 4,841 shares during the period. The Manufacturers Life Insurance Company owned about 0.21% of Diamond Hill Investment Group worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Fenimore Asset Management Inc. grew its holdings in shares of Diamond Hill Investment Group by 0.7% in the fourth quarter. Fenimore Asset Management Inc. now owns 44,747 shares of the asset manager’s stock valued at $9,247,000 after acquiring an additional 295 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Diamond Hill Investment Group by 13.8% in the fourth quarter. First Trust Advisors LP now owns 2,888 shares of the asset manager’s stock valued at $597,000 after acquiring an additional 350 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Diamond Hill Investment Group by 1.8% in the third quarter. Russell Investments Group Ltd. now owns 20,215 shares of the asset manager’s stock valued at $4,293,000 after acquiring an additional 359 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Diamond Hill Investment Group by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 14,685 shares of the asset manager’s stock valued at $3,035,000 after acquiring an additional 499 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC grew its holdings in shares of Diamond Hill Investment Group by 1.9% in the third quarter. Grandeur Peak Global Advisors LLC now owns 27,175 shares of the asset manager’s stock valued at $5,771,000 after acquiring an additional 500 shares in the last quarter. 60.02% of the stock is owned by institutional investors.

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Separately, BidaskClub lowered Diamond Hill Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th.

In other Diamond Hill Investment Group news, Director Roderick H. Dillon, Jr. sold 399 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $215.19, for a total transaction of $85,860.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roderick H. Dillon, Jr. sold 3,618 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $215.24, for a total value of $778,738.32. Following the sale, the director now owns 77,741 shares in the company, valued at approximately $16,732,972.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,517 shares of company stock valued at $972,149. 6.40% of the stock is owned by corporate insiders.

NASDAQ DHIL traded down $0.55 on Friday, hitting $200.92. 4,069 shares of the stock traded hands, compared to its average volume of 8,093. Diamond Hill Investment Group, Inc. has a 12 month low of $187.20 and a 12 month high of $219.90. The firm has a market cap of $705.15, a price-to-earnings ratio of 13.89 and a beta of 0.88.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Thursday, February 22nd. The asset manager reported $3.43 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 29.19% and a net margin of 34.43%. The business had revenue of $37.75 million during the quarter.

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About Diamond Hill Investment Group

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.

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

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