Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Buys $73,000.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the purchase, the director now directly owns 10,159 shares of the company’s stock, valued at approximately $1,483,214. This trade represents a 5.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Richard Scott Cooley also recently made the following trade(s):

• On Friday, February 28th, Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock. The shares were purchased at an average price of $144.00 per share, with a total value of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock traded up $0.23 during trading hours on Thursday, hitting $147.70. The stock had a trading volume of 8,225 shares, compared to its average volume of 16,673. The firm has a market capitalization of $411.63 million, a PE ratio of 8.34 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.25. The stock’s 50 day moving average is $149.31 and its 200 day moving average is $155.86.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. The company had revenue of $39.12 million during the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.06%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Institutional Investors Weigh In On Diamond Hill Investment Group

A number of institutional investors have recently made changes to their positions in DHIL. R Squared Ltd bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC increased its holdings in shares of Diamond Hill Investment Group by 300.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 319 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Diamond Hill Investment Group during the third quarter valued at about $76,000. Western Pacific Wealth Management LP acquired a new stake in Diamond Hill Investment Group in the third quarter worth about $81,000. Finally, Cubist Systematic Strategies LLC bought a new position in Diamond Hill Investment Group in the 4th quarter valued at about $109,000. 65.50% of the stock is currently owned by institutional investors.

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.