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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Friday, November 22nd will be given a dividend of 1.50 per share by the asset manager on Friday, December 6th. This represents a $6.00 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, November 22nd.

Diamond Hill Investment Group Trading Up 7.0 %

NASDAQ:DHIL traded up $10.93 on Wednesday, reaching $167.00. 9,151 shares of the stock traded hands, compared to its average volume of 17,075. The company has a market capitalization of $459.42 million, a price-to-earnings ratio of 9.36 and a beta of 1.00. Diamond Hill Investment Group has a 12 month low of $135.44 and a 12 month high of $173.98. The company’s fifty day simple moving average is $156.46 and its 200 day simple moving average is $152.86.

Insiders Place Their Bets

In other news, Director L’quentus Thomas sold 250 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total transaction of $40,410.00. Following the sale, the director now owns 1,858 shares of the company’s stock, valued at $300,327.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director L’quentus Thomas sold 250 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the sale, the director now owns 1,858 shares in the company, valued at approximately $300,327.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James F. Laird, Jr. sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total value of $450,600.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,755,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

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.