Richard Scott Cooley Acquires 1,000 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of $152.25 per share, with a total value of $152,250.00. Following the acquisition, the director now directly owns 9,387 shares in the company, valued at $1,429,170.75. This represents a 11.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Diamond Hill Investment Group Stock Up 1.4 %

Shares of NASDAQ DHIL opened at $153.30 on Thursday. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.25. The business has a fifty day simple moving average of $161.52 and a two-hundred day simple moving average of $155.65. The firm has a market cap of $417.44 million, a PE ratio of 8.68 and a beta of 1.02.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group’s payout ratio is 33.98%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Large investors have recently modified their holdings of the business. Frazier Financial Advisors LLC purchased a new position in Diamond Hill Investment Group during the third quarter valued at approximately $76,000. Western Pacific Wealth Management LP bought a new stake in Diamond Hill Investment Group during the 3rd quarter valued at $81,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Diamond Hill Investment Group by 76.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after acquiring an additional 320 shares during the period. FMR LLC raised its position in shares of Diamond Hill Investment Group by 268.4% in the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock worth $198,000 after acquiring an additional 891 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Diamond Hill Investment Group during the 2nd quarter worth $214,000. Institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

About Diamond Hill Investment Group

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.