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 company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now directly owns 10,159 shares in the company, valued at approximately $1,483,214. This trade represents a 5.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

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

Diamond Hill Investment Group Stock Performance

Shares of DHIL stock opened at $152.53 on Friday. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25. The company has a market capitalization of $425.10 million, a P/E ratio of 8.64 and a beta of 1.01. The company’s 50 day moving average price is $149.12 and its two-hundred day moving average price is $155.79.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted its quarterly earnings data 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $1.50 dividend. The ex-dividend date is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is presently 38.39%.

Institutional Trading of Diamond Hill Investment Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Evergreen Wealth Management LLC raised its holdings in shares of 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 during the last quarter. Barclays PLC raised its holdings in shares of Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after purchasing an additional 3,429 shares during the last quarter. Geode Capital Management LLC increased its holdings in Diamond Hill Investment Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock worth $11,797,000 after buying an additional 1,215 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Diamond Hill Investment Group during the fourth quarter worth $527,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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