钻石山投资集团（纳斯达克股票代码：DHIL）股票跌破两百日移动平均线176.84美元

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Get Rating) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $176.84 and traded as low as $164.50. Diamond Hill Investment Group shares last traded at $166.00, with a volume of 16,130 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Diamond Hill Investment Group in a research note on Thursday, March 16th. They issued a "buy" rating for the company.

Diamond Hill Investment Group Stock Performance

The stock has a 50 day moving average of $173.92 and a 200 day moving average of $176.84. The stock has a market capitalization of $506.30 million, a P/E ratio of 12.67 and a beta of 0.94.

Diamond Hill Investment Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Monday, March 6th were paid a $1.50 dividend. The ex-dividend date was Friday, March 3rd. This represents a $6.00 annualized dividend and a dividend yield of 3.61%. Diamond Hill Investment Group's payout ratio is currently 45.80%.

Insider Buying and Selling at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 500 shares of the firm's stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of $158.00 per share, with a total value of $79,000.00. Following the completion of the purchase, the director now owns 6,437 shares in the company, valued at approximately $1,017,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHIL. Lazard Asset Management LLC bought a new position in Diamond Hill Investment Group during the 3rd quarter valued at $25,000. Dorsey Wright & Associates acquired a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at $25,000. UBS Group AG boosted its stake in Diamond Hill Investment Group by 25.4% during the third quarter. UBS Group AG now owns 301 shares of the asset manager's stock valued at $50,000 after buying an additional 61 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Diamond Hill Investment Group during the fourth quarter worth about $68,000. Finally, Nisa Investment Advisors LLC raised its position in Diamond Hill Investment Group by 354.6% in the third quarter. Nisa Investment Advisors LLC now owns 641 shares of the asset manager's stock worth $108,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 62.83% of the company's stock.

About Diamond Hill Investment Group

(Get Rating)

Diamond Hill Investment Group, Inc operates as an independent investment management company. The firm engages in the provision of investment management and administration services. It offers equities, fixed income, mutual funds and corporate credits. The company was founded in April 1990 and is headquartered in Columbus, OH.

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