Richard Scott Cooley Buys 500 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley purchased 500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $144.00 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now directly owns 10,659 shares in the company, valued at $1,534,896. The trade was a 4.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, March 5th, Richard Scott Cooley bought 500 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost of $146.00 per share, for a total transaction of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley bought 272 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost 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 stock was bought at an average cost of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Stock Performance

DHIL opened at $145.80 on Friday. The company’s 50 day simple moving average is $148.19 and its 200 day simple moving average is $155.31. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25. The stock has a market capitalization of $406.34 million, a PE ratio of 8.26 and a beta of 1.01.

Diamond Hill Investment Group (NASDAQ:DHIL) last posted 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 firm had revenue of $39.12 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 annualized dividend and a yield of 4.12%. Diamond Hill Investment Group’s payout ratio is 38.39%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DHIL. Victory Capital Management Inc. raised its holdings in Diamond Hill Investment Group by 4.3% in the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock valued at $1,183,000 after buying an additional 302 shares during the period. Royce & Associates LP raised its stake 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 valued at $26,948,000 after purchasing an additional 500 shares during the period. Evergreen Wealth Management LLC raised its stake in shares of Diamond Hill Investment Group by 62.1% during 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 period. BCGM Wealth Management LLC raised its stake in shares of Diamond Hill Investment Group by 1.5% during the third quarter. BCGM Wealth Management LLC now owns 18,919 shares of the asset manager’s stock valued at $3,058,000 after purchasing an additional 281 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Diamond Hill Investment Group during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.