Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant Buys 250 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant acquired 250 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, June 27th. The shares were acquired at an average price of $139.38 per share, with a total value of $34,845.00. Following the completion of the transaction, the chief executive officer now owns 46,589 shares of the company’s stock, valued at approximately $6,493,574.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Diamond Hill Investment Group Trading Down 1.0 %

Shares of NASDAQ DHIL opened at $143.26 on Thursday. The stock has a 50 day simple moving average of $149.70 and a 200-day simple moving average of $153.80. The company has a market cap of $396.83 million, a PE ratio of 9.71 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $188.28.

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

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 4.19%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.65%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Diamond Hill Investment Group by 91.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock valued at $26,000 after buying an additional 76 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $70,000. Sunbelt Securities Inc. increased its holdings in shares of Diamond Hill Investment Group by 1,000.0% in the third quarter. Sunbelt Securities Inc. now owns 550 shares of the asset manager’s stock valued at $93,000 after buying an additional 500 shares in the last quarter. Carolinas Wealth Consulting LLC bought a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $99,000. Finally, SG Americas Securities LLC bought a new position in shares of Diamond Hill Investment Group in the fourth quarter valued at $123,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.