Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Purchases $72,000.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $144.00 per share, for a total transaction of $72,000.00. Following the completion of the transaction, the director now directly owns 10,659 shares in the company, valued at approximately $1,534,896. This trade represents a 4.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 5th, Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock. The stock was bought at an average price of $146.00 per share, with a total value of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock. The stock was bought at an average price of $144.00 per share, with a total value of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley purchased 1,000 shares of Diamond Hill Investment Group stock. The stock was bought at an average price of $152.25 per share, with a total value of $152,250.00.

Diamond Hill Investment Group Trading Up 1.5 %

Shares of NASDAQ DHIL opened at $145.80 on Friday. Diamond Hill Investment Group, Inc. has a 12-month low of $135.44 and a 12-month high of $173.25. The company has a market cap of $406.34 million, a P/E ratio of 8.26 and a beta of 1.01. The stock has a fifty day moving average price of $148.19 and a 200 day moving average price of $155.35.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its 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%.

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. Diamond Hill Investment Group’s dividend payout ratio is presently 38.39%.

Institutional Trading of Diamond Hill Investment Group

Large investors have recently modified their holdings of the business. Royce & Associates LP lifted its position in shares of Diamond Hill Investment Group by 0.3% during the third quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after purchasing an additional 500 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Diamond Hill Investment Group by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager’s stock worth $12,352,000 after purchasing an additional 532 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Diamond Hill Investment Group by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock worth $11,554,000 after purchasing an additional 1,495 shares during the last quarter. American Century Companies Inc. lifted its position 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 purchasing an additional 9,258 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Diamond Hill Investment Group by 35.7% during the fourth quarter. Millennium Management LLC now owns 28,777 shares of the asset manager’s stock worth $4,463,000 after purchasing an additional 7,569 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a 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.