Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Buys $73,000.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $146.00 per share, with a total value of $73,000.00. Following the completion of the transaction, the director now owns 10,159 shares in the company, valued at $1,483,214. This represents a 5.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, February 28th, Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock. The shares were purchased at an average price of $144.00 per share, for a total transaction of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Price Performance

Shares of NASDAQ DHIL opened at $152.53 on Friday. Diamond Hill Investment Group, Inc. has a 1-year low of $135.44 and a 1-year high of $173.25. The business has a fifty day moving average price of $149.12 and a 200 day moving average price of $155.79. The stock has a market capitalization of $425.10 million, a P/E ratio of 8.64 and a beta of 1.02.

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

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 yield of 3.93%. Diamond Hill Investment Group’s payout ratio is 38.39%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Diamond Hill Investment Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP grew its stake in Diamond Hill Investment Group by 0.3% during the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after buying an additional 500 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Diamond Hill Investment Group by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager’s stock worth $12,352,000 after acquiring an additional 532 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Diamond Hill Investment Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock worth $11,554,000 after acquiring an additional 1,495 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Diamond Hill Investment Group by 28.7% during the fourth quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager’s stock worth $6,441,000 after acquiring an additional 9,258 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Diamond Hill Investment Group by 35.7% in the 4th quarter. Millennium Management LLC now owns 28,777 shares of the asset manager’s stock valued at $4,463,000 after purchasing an additional 7,569 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.