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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000909108-07-000022.txt : 20070305
<SEC-HEADER>0000909108-07-000022.hdr.sgml : 20070305
<ACCEPTANCE-DATETIME>20070305163046
ACCESSION NUMBER:		0000909108-07-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070305
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070305
DATE AS OF CHANGE:		20070305

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMOND HILL INVESTMENT GROUP INC
		CENTRAL INDEX KEY:			0000909108
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				650190407
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24498
		FILM NUMBER:		07671568

	BUSINESS ADDRESS:	
		STREET 1:		325 JOHN H MCCONNELL BLVD
		STREET 2:		SUITE 200
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		6142553333

	MAIL ADDRESS:	
		STREET 1:		325 JOHN H MCCONNELL BLVD
		STREET 2:		SUITE 200
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANC STOCK GROUP INC
		DATE OF NAME CHANGE:	19971016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND GROUP OF COMPANIES INC
		DATE OF NAME CHANGE:	19940301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND FINANCIAL GROUP INC
		DATE OF NAME CHANGE:	19930714
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>x8k-0307.txt
<DESCRIPTION>DIAMOND HILL INVESTMENT GROUP, INC.
<TEXT>
                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             _______________________

                                    FORM 8-K

                                 CURRENT REPORT

                             _______________________

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):

                                 March 5, 2007

                       Diamond Hill Investment Group, Inc.
- ------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                                      Ohio
- ------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

             000-24498                              65-0190407
- ------------------------------------------------------------------------------
      (Commission File Number)         (I.R.S. Employer Identification No.)

      325 John H. McConnell Blvd., Suite 200, Columbus, Ohio        43215
- ------------------------------------------------------------------------------
      (Address of Principal Executive Offices)                    (Zip Code)

Registrant's Telephone Number, Including Area Code:   (614) 255-3333


- ------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 8.01.	Other Events
- ----------	--------------------------------------------

     On March 5, 2007, the company announced R.H. Dillon, its CEO filed
Schedule 13D.  A copy of the press release issued by the company is
attached as Exhibit 99.1.

Item 9.01.	Financial Statements and Exhibits
- ----------	--------------------------------------------

     (c) Exhibits.

     99.1	Press release dated March 5, 2007 issued by the company.


                                    SIGNATURE
                                    ---------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the registrant  has duly  caused  this  report  to be  signed  on its  behalf
by the undersigned hereunto duly authorized.

                                        DIAMOND HILL INVESTMENT GROUP, INC.


Date: March 5, 2007                         By: /s/ James F. Laird
                                            -------------------------------
                                            James F. Laird, Chief Financial
                                             Officer and Secretary
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>rhd13d-mar07.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

				Diamond Hill
                                ------------
                                Investments



FOR IMMEDIATE RELEASE:
       					Investor Contact:
       					James F. Laird
					Chief Financial Officer
					614-255-3353
					E-mail: (jlaird@diamond-hill.com)


DIAMOND HILL INVESTMENTS CEO FILES SCHEDULE 13D


	Columbus, Ohio - March 5, 2007 - Diamond Hill Investment Group, Inc.
(NASDAQ:DHIL), today announced that CEO R. H. Dillon filed Schedule 13D
indicating ownership of 141,364 shares of the company's common stock.  Mr.
Dillon is the largest shareholder of the company as his ownership represents
6.8% of the total shares outstanding.  In February Mr. Dillon exercised the
balance of his vested stock warrants which were granted upon his hiring in
May 2000.  As a result of this and previous transactions the company will take
a tax deduction of $18.3 million but under generally accepted accounting
principles there will be $0 expense in the financial statements.

The company's employees, officers and directors in total own 511,000 shares
representing 24% of the 2,090,000 total shares outstanding.  On a fully-diluted
basis inside ownership totals 734,000 shares representing 31% of fully diluted
shares outstanding of 2,361,000.

About Diamond Hill:
       Diamond Hill provides investment management services to institutions and
financial intermediaries seeking to preserve and build wealth. The firm
currently manages mutual funds, separate accounts and private investment funds.
For more information on Diamond Hill, visit www.diamond-hill.com.

				###

	325 John H. McConnell Blvd, Suite 200, Columbus, Ohio 43215
			614-255-3333  fax 614-255-3363

</TEXT>
</DOCUMENT>
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