Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley Acquires 272 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley purchased 272 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $144.00 per share, with a total value of $39,168.00. Following the completion of the transaction, the director now owns 9,659 shares in the company, valued at approximately $1,390,896. This trade represents a 2.90 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The stock was bought at an average price of $152.25 per share, with a total value of $152,250.00.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $147.45 on Wednesday. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The business’s 50 day simple moving average is $149.42 and its 200 day simple moving average is $155.92. The stock has a market capitalization of $410.94 million, a PE ratio of 8.35 and a beta of 1.02.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a yield of 4.07%. Diamond Hill Investment Group’s payout ratio is currently 38.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning acquired a new stake in Diamond Hill Investment Group during the third quarter worth approximately $354,000. Western Pacific Wealth Management LP bought a new position in shares of Diamond Hill Investment Group during the 3rd quarter worth approximately $81,000. Victory Capital Management Inc. grew its position in shares of Diamond Hill Investment Group by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after buying an additional 302 shares during the period. Royce & Associates LP increased its stake in shares of Diamond Hill Investment Group by 0.3% in the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock valued at $26,948,000 after acquiring an additional 500 shares in the last quarter. Finally, Evergreen Wealth Management LLC increased its stake in shares of Diamond Hill Investment Group by 62.1% in the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 10,138 shares in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research report 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.