Evergreen Wealth Management LLC Boosts Stake in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL)

Evergreen Wealth Management LLC raised its holdings in shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,316 shares of the asset manager’s stock after buying an additional 322 shares during the period. Diamond Hill Investment Group comprises approximately 2.0% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Evergreen Wealth Management LLC owned 0.57% of Diamond Hill Investment Group worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in Diamond Hill Investment Group by 4.0% during the 3rd quarter. Victory Capital Management Inc. now owns 5,450 shares of the asset manager’s stock valued at $919,000 after acquiring an additional 209 shares during the period. Legato Capital Management LLC boosted its stake in shares of Diamond Hill Investment Group by 2.3% during the fourth quarter. Legato Capital Management LLC now owns 9,616 shares of the asset manager’s stock valued at $1,592,000 after purchasing an additional 212 shares during the period. New York State Teachers Retirement System bought a new position in shares of Diamond Hill Investment Group in the third quarter worth about $44,000. Abundance Wealth Counselors increased its stake in Diamond Hill Investment Group by 11.6% in the 3rd quarter. Abundance Wealth Counselors now owns 2,621 shares of the asset manager’s stock worth $442,000 after buying an additional 272 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Diamond Hill Investment Group by 9.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,904 shares of the asset manager’s stock valued at $658,000 after buying an additional 325 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Diamond Hill Investment Group Stock Performance

DHIL traded down $0.02 during trading on Friday, hitting $151.90. 16,662 shares of the stock were exchanged, compared to its average volume of 12,208. The firm has a 50 day simple moving average of $150.85 and a 200 day simple moving average of $156.92. The firm has a market cap of $431.40 million, a price-to-earnings ratio of 10.59 and a beta of 0.97. Diamond Hill Investment Group, Inc. has a 1 year low of $144.35 and a 1 year high of $188.28.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Thursday, February 29th. The asset manager reported $2.27 EPS for the quarter. The firm had revenue of $33.82 million for the quarter. Diamond Hill Investment Group had a return on equity of 18.46% and a net margin of 30.89%.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $1.50 dividend. The ex-dividend date was Friday, March 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.95%. Diamond Hill Investment Group’s dividend payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th.

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.