Insider Buying: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Buys $39,168.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 272 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $144.00 per share, for a total transaction of $39,168.00. Following the purchase, the director now owns 9,659 shares of the company’s stock, valued at $1,390,896. This trade represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Diamond Hill Investment Group Stock Up 0.0 %

NASDAQ:DHIL opened at $147.47 on Thursday. The firm has a market cap of $411.00 million, a PE ratio of 8.35 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25. The company’s 50-day moving average price is $149.31 and its two-hundred day moving average price is $155.86.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given 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 dividend yield of 4.07%. Diamond Hill Investment Group’s payout ratio is 38.39%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several large investors have recently bought and sold shares of DHIL. Creative Planning acquired a new position in Diamond Hill Investment Group in the third quarter valued at approximately $354,000. Western Pacific Wealth Management LP bought a new stake in Diamond Hill Investment Group in the third quarter valued at approximately $81,000. Victory Capital Management Inc. increased its stake in Diamond Hill Investment Group by 4.3% in the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock valued at $1,183,000 after purchasing an additional 302 shares in the last quarter. Royce & Associates LP increased its stake in Diamond Hill Investment Group by 0.3% in the third quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock valued at $26,948,000 after purchasing an additional 500 shares in the last quarter. Finally, Evergreen Wealth Management LLC increased its stake in Diamond Hill Investment Group by 62.1% in the third quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after purchasing an additional 10,138 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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.