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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 1.50 per share by the asset manager on Friday, March 21st. This represents a $6.00 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, March 10th.

Diamond Hill Investment Group has increased its dividend by an average of 14.5% annually over the last three years.

Diamond Hill Investment Group Price Performance

Diamond Hill Investment Group stock traded down $0.76 during mid-day trading on Thursday, hitting $145.21. 21,648 shares of the company were exchanged, compared to its average volume of 14,080. The business’s 50 day simple moving average is $149.79 and its two-hundred day simple moving average is $156.07. The company has a market capitalization of $395.41 million, a P/E ratio of 8.22 and a beta of 1.02. Diamond Hill Investment Group has a 12-month low of $135.44 and a 12-month high of $173.25.

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

Analyst Ratings Changes

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

Insider Transactions at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 1,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the completion of the acquisition, the director now directly owns 9,387 shares of the company’s stock, valued at $1,429,170.75. This trade represents a 11.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

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.