Insider Buying: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Purchases 500 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley bought 500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased 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 owns 10,159 shares of the company's stock, valued at $1,483,214. The trade was a 5.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 stock was purchased 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 shares were acquired at an average cost of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Price Performance

DHIL stock traded up $3.73 during midday trading on Friday, reaching $152.53. 17,919 shares of the company were exchanged, compared to its average volume of 16,674. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The firm has a market capitalization of $425.10 million, a price-to-earnings ratio of 8.64 and a beta of 1.02. The business has a 50-day moving average price of $149.12 and a two-hundred day moving average price of $155.79.

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Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last announced its 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 business had revenue of $39.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, March 10th. Diamond Hill Investment Group's payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Diamond Hill Investment Group

Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Diamond Hill Investment Group in the 4th quarter valued at $3,729,000. Citadel Advisors LLC boosted its position in shares of Diamond Hill Investment Group by 765.3% in the fourth quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager's stock valued at $1,843,000 after acquiring an additional 10,508 shares during the period. Evergreen Wealth Management LLC grew its stake 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 acquiring an additional 10,138 shares in the last quarter. American Century Companies Inc. increased its position in 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 acquiring an additional 9,258 shares during the period. Finally, Millennium Management LLC raised its stake in Diamond Hill Investment Group by 35.7% in the 4th 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 in the last quarter. Institutional investors own 65.50% 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.