Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley Purchases 100 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 100 shares of the stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $142.50 per share, for a total transaction of $14,250.00. Following the acquisition, the director now owns 10,809 shares in the company, valued at $1,540,282.50. The trade was a 0.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 21st, Richard Scott Cooley bought 50 shares of Diamond Hill Investment Group stock. The shares were bought at an average cost of $143.50 per share, with a total value of $7,175.00.
• On Wednesday, March 12th, Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock. The stock was purchased at an average cost of $144.00 per share, for a total transaction of $72,000.00.
• On Wednesday, March 5th, Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock. The shares were purchased at an average cost of $146.00 per share, with a total value of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley bought 272 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $144.00 per share, for a total transaction of $39,168.00.

Diamond Hill Investment Group Stock Up 1.3 %

NASDAQ DHIL traded up $1.84 during trading on Tuesday, hitting $144.68. The company’s stock had a trading volume of 4,912 shares, compared to its average volume of 16,977. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25. The firm has a market cap of $403.22 million, a P/E ratio of 8.19 and a beta of 1.01. The firm has a 50 day moving average price of $147.18 and a 200 day moving average price of $154.52.

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 business had revenue of $39.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, March 10th. Diamond Hill Investment Group’s dividend payout ratio is currently 38.39%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Diamond Hill Investment Group by 279.9% in the 3rd quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after acquiring an additional 3,429 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Diamond Hill Investment Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock valued at $11,797,000 after purchasing an additional 1,215 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Diamond Hill Investment Group in the fourth quarter worth $527,000. JPMorgan Chase & Co. boosted its stake in Diamond Hill Investment Group by 66.4% during the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock worth $1,820,000 after buying an additional 4,493 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Diamond Hill Investment Group in the 4th quarter valued at $3,729,000. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.