Richard Scott Cooley Acquires 100 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 100 shares of Diamond Hill Investment Group stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $142.50 per share, for a total transaction of $14,250.00. Following the purchase, the director now owns 10,809 shares of the company’s stock, valued at approximately $1,540,282.50. This trade represents a 0.93 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, March 21st, Richard Scott Cooley purchased 50 shares of Diamond Hill Investment Group stock. The shares were purchased at an average price of $143.50 per share, for a total transaction of $7,175.00.
• On Wednesday, March 12th, Richard Scott Cooley bought 500 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price of $144.00 per share, with a total value of $72,000.00.
• On Wednesday, March 5th, Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock. The shares were purchased at an average price of $146.00 per share, for a total transaction of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley bought 272 shares of Diamond Hill Investment Group stock. The shares were bought at an average price of $144.00 per share, with a total value of $39,168.00.

Diamond Hill Investment Group Trading Up 0.7 %

NASDAQ:DHIL opened at $145.80 on Thursday. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month high of $173.25. The company has a market cap of $406.34 million, a PE ratio of 8.26 and a beta of 0.83. The company’s 50 day moving average is $147.01 and its two-hundred day moving average is $154.40.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings data on Wednesday, February 26th. The asset manager reported $3.66 earnings per share for the quarter. The firm had revenue of $39.12 million for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group’s payout ratio is 38.39%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in Diamond Hill Investment Group during the 4th quarter worth approximately $3,729,000. Citadel Advisors LLC grew its position in Diamond Hill Investment Group by 765.3% during the 4th quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager’s stock worth $1,843,000 after purchasing an additional 10,508 shares during the period. American Century Companies Inc. raised its stake in shares of Diamond Hill Investment Group by 28.7% during the 4th quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager’s stock valued at $6,441,000 after buying an additional 9,258 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Diamond Hill Investment Group by 35.7% in the 4th quarter. Millennium Management LLC now owns 28,777 shares of the asset manager’s stock valued at $4,463,000 after buying an additional 7,569 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Diamond Hill Investment Group by 66.3% in the fourth quarter. JPMorgan Chase & Co. now owns 18,731 shares of the asset manager’s stock worth $2,905,000 after buying an additional 7,469 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.