Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley Purchases 500 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of $150.00 per share, for a total transaction of $75,000.00. Following the completion of the transaction, the director now directly owns 8,387 shares in the company, valued at $1,258,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Diamond Hill Investment Group Trading Down 0.9 %

NASDAQ:DHIL opened at $149.99 on Friday. Diamond Hill Investment Group, Inc. has a 1-year low of $144.35 and a 1-year high of $188.28. The firm has a market capitalization of $415.92 million, a price-to-earnings ratio of 10.16 and a beta of 0.99. The business’s 50-day moving average price is $151.93 and its two-hundred day moving average price is $156.35.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Wednesday, May 8th. The asset manager reported $3.00 earnings per share for the quarter. The business had revenue of $36.30 million for the quarter. Diamond Hill Investment Group had a net margin of 30.60% and a return on equity of 18.75%.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, June 3rd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.65%.

Institutional Trading of Diamond Hill Investment Group

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Diamond Hill Investment Group by 91.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock worth $26,000 after acquiring an additional 76 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Diamond Hill Investment Group during the fourth quarter worth about $70,000. Sunbelt Securities Inc. lifted its holdings in shares of Diamond Hill Investment Group by 1,000.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 550 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 500 shares in the last quarter. Carolinas Wealth Consulting LLC acquired a new position in shares of Diamond Hill Investment Group in the 4th quarter valued at approximately $99,000. Finally, Quantbot Technologies LP acquired a new position in shares of Diamond Hill Investment Group in the 3rd quarter valued at approximately $111,000. Institutional investors own 65.50% of the company’s stock.

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.