Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) to Issue Quarterly Dividend of $1.50

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) announced a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.50 per share by the asset manager on Friday, December 6th. This represents a $6.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, November 22nd.

Diamond Hill Investment Group Stock Performance

Shares of DHIL traded up $9.93 during trading hours on Wednesday, hitting $166.00. The company had a trading volume of 8,714 shares, compared to its average volume of 17,073. The stock has a market capitalization of $456.67 million, a price-to-earnings ratio of 9.36 and a beta of 1.00. The firm has a fifty day moving average price of $156.46 and a 200-day moving average price of $152.86. Diamond Hill Investment Group has a 52-week low of $135.44 and a 52-week high of $173.98.

Insider Activity

In other news, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the transaction, the director now directly owns 1,858 shares of the company’s stock, valued at $300,327.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director L’quentus Thomas sold 250 shares of Diamond Hill Investment Group stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James F. Laird, Jr. sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total value of $450,600.00. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,755,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.80% 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.