-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EiJyBaFWca7UulxbXfja7LzLKJes3C3QttZa7ShIyWtEEgpz6IOfb0/n0jUuy4cW
 ulygHB9JoLZqJZKmuZl7NA==

<SEC-DOCUMENT>0000909108-09-000043.txt : 20091104
<SEC-HEADER>0000909108-09-000043.hdr.sgml : 20091104
<ACCEPTANCE-DATETIME>20091104163415
ACCESSION NUMBER:		0000909108-09-000043
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091104
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091104
DATE AS OF CHANGE:		20091104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMOND HILL INVESTMENT GROUP INC
		CENTRAL INDEX KEY:			0000909108
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		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:		091158124

	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-1109.txt
<DESCRIPTION>DIAMOND HILL INVESTMENT GROUP, INC. 8-K
<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):

                                November 4, 2009

                       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
- ---------   ---------------------------------------------

Diamond Hill Investment Group, Inc. annouced that its board of directors has
approved a $10.00 per share cash dividend as described in the Registrant's
press release dated November 4, 2009, a copy of which is filed herewith as
Exhibit 99.1 and incorporated herein by reference.

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

Exhibit No.   Document
- -----------   --------

99.1          Press release issued by the Registrant dated November 4, 2009.




                                    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: November 4, 2009                      By: /s/ James F. Laird
                                            -------------------------------
                                            James F. Laird, Chief Financial
                                             Officer and Secretary
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex991-1109.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>



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


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

DIAMOND HILL INVESTMENT GROUP, INC.
ANNOUNCES SPECIAL DIVIDEND

	Columbus, Ohio - November 4, 2009 - Diamond Hill Investment Group, Inc.
(NASDAQ:DHIL) today announced that its board of directors has approved a $10.00
per share cash dividend to shareholders of record on December 1, 2009 payable
December 15, 2009.

Ric Dillon, president and chief investment officer, stated, "We are very pleased
to be paying a special dividend of $10 per share next month, following a $10
per share special dividend paid in 2008.  With the combined payments, the
company will have returned to shareholders over $50 million in total, tangible
evidence of the success of this venture that began nearly 10 years ago.  These
shareholder-friendly actions are highly unusual, but they demonstrate most
clearly that the board of directors and management of the company see our duty
to shareholders as second only to our fiduciary duty to our clients."

Dillon went on to say, "a central tenet of Diamond Hill's investment philosophy
is thinking long term, knowing that emotions dominate market movements in the
short term, but that economics win out over the long term.  We believe that we
have an excellent opportunity to continue to build value for our shareholders
over the next 10 years.  To do so, we must continue to deliver superior
investment results for our clients."

"The asset management business is very labor intensive, as opposed to banking
and insurance, which are both very capital intensive.  We have chosen to
invest heavily in our research capabilities, with the belief that doing so
will help bring about superior results for clients, as well as being an
important ingredient in the creation of a sustainable firm.  Over the past
four years we have built a research team that now totals 18, representing a
significant ongoing investment.  The cost of this investment clearly affects
our operating profit margin ("OPM").   A survey of the publicly traded firms
as well as information on privately held firms suggests that our OPM
continues to be above the industry norm, even though we are smaller than the
average firm.  The industry average OPM has declined in the past year due to
the bear market, and ours declined as well.  But rather than taking steps
that would help the OPM in the short term, such as layoffs and cutbacks, we
have opted for a continued long term focus which includes growing our staff.
We believe that this decision will result in greater shareholder value over the
long term than what would be achieved with a short term focus.  Having said
this, we think our OPM will be at least consistent with industry norms over the
next few years, and we are committed to achieving an OPM that ranks among the
industry best when we reach capacity in all of our investment strategies."

"Hopefully shareholders agree that we have generally succeeded in delivering
shareholder value in our first 10 year period, and they trust we will continue
to endeavor to do so over the next 10 years, and beyond."

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

Throughout this press release, the Company may make forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 relating to such matters as growth
of the Company's business, corporate objectives, prospects for achieving the
critical threshold of assets under management, operating margins, economic
trends (including interest rates and market volatility), intrinsic value of
the Company's shares and similar matters. The words "believe," "expect,"
"anticipate," "estimate," "should," "could," "goal" and similar expressions
identify forward-looking statements that speak only as of the date thereof.
While the Company believes that the assumptions underlying its forward-looking
statements are reasonable, investors are cautioned that any of the assumptions
could prove to be inaccurate, and accordingly, the actual results and
experiences of the Company could differ materially from the anticipated
results or other expectations expressed by the Company in its forward-looking
statements. Factors that could cause such actual results or experiences to
differ from results discussed in the forward-looking statements include,
but are not limited to: the adverse effect from a decline in the securities
markets; a decline in the performance of the Company's products; changes in
interest rates; a general downturn in the economy; changes in government
policy and regulation, including monetary policy; changes in the Company's
ability to attract or retain key employees; unforeseen costs and other
effects related to legal proceedings or investigations of governmental and
self-regulatory organizations; and other risks identified from time-to-time
in the Company's other public documents on file with the SEC.



					###

            325 John H. McConnell Blvd, Suite 200, Columbus, Ohio 43215
                         614-255-3333  fax 614-255-3363
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
