Richard Scott Cooley Buys 100 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley bought 100 shares of the business's stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $142.50 per share, with a total value of $14,250.00. Following the completion of the transaction, the director now directly owns 10,809 shares of the company's stock, valued at $1,540,282.50. This trade represents a 0.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, March 21st, Richard Scott Cooley bought 50 shares of Diamond Hill Investment Group stock. The shares were purchased at an average cost of $143.50 per share, for a total transaction of $7,175.00.
• On Wednesday, March 12th, Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock. The stock was acquired at an average price of $144.00 per share, for a total transaction of $72,000.00.
• On Wednesday, March 5th, Richard Scott Cooley bought 500 shares of Diamond Hill Investment Group stock. The stock was acquired at an average price 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 shares were acquired at an average price of $144.00 per share, with a total value of $39,168.00.

Diamond Hill Investment Group Trading Down 3.2 %

Shares of Diamond Hill Investment Group stock traded down $4.40 on Friday, reaching $133.88. 20,022 shares of the company were exchanged, compared to its average volume of 17,082. Diamond Hill Investment Group, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $173.25. The firm has a market capitalization of $373.12 million, a price-to-earnings ratio of 7.58 and a beta of 0.83. The stock has a fifty day moving average price of $146.45 and a 200-day moving average price of $154.12.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The firm had revenue of $39.12 million for the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $1.50 per share. The ex-dividend date was Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.48%. Diamond Hill Investment Group's dividend payout ratio is currently 38.39%.

Hedge Funds Weigh In On Diamond Hill Investment Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its stake in Diamond Hill Investment Group by 5.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager's stock valued at $311,000 after purchasing an additional 96 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Diamond Hill Investment Group by 20.1% during the fourth quarter. MetLife Investment Management LLC now owns 1,774 shares of the asset manager's stock valued at $275,000 after buying an additional 297 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Diamond Hill Investment Group by 300.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock valued at $66,000 after buying an additional 319 shares during the period. Algert Global LLC lifted its stake in Diamond Hill Investment Group by 11.1% in the 4th quarter. Algert Global LLC now owns 3,214 shares of the asset manager's stock worth $498,000 after acquiring an additional 321 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Diamond Hill Investment Group by 3.9% in the 4th quarter. Invesco Ltd. now owns 8,564 shares of the asset manager's stock worth $1,328,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.