Richard Scott Cooley Acquires 272 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 272 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $144.00 per share, with a total value of $39,168.00. Following the acquisition, the director now directly owns 9,659 shares of the company's stock, valued at approximately $1,390,896. The trade was a 2.90 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 5th, Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock. The shares were bought at an average price of $146.00 per share, with a total value of $73,000.00.
• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The shares were purchased at an average cost of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Price Performance

NASDAQ DHIL traded up $1.33 during trading hours on Thursday, reaching $148.80. The company's stock had a trading volume of 20,128 shares, compared to its average volume of 16,719. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $173.25. The stock has a market cap of $414.71 million, a P/E ratio of 8.43 and a beta of 1.02. The firm has a fifty day simple moving average of $149.31 and a 200-day simple moving average of $155.86.

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Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $39.12 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.03%. Diamond Hill Investment Group's dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Diamond Hill Investment Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Diamond Hill Investment Group in the fourth quarter valued at approximately $3,729,000. Citadel Advisors LLC boosted its stake in shares of Diamond Hill Investment Group by 765.3% in the 4th quarter. Citadel Advisors LLC now owns 11,881 shares of the asset manager's stock valued at $1,843,000 after purchasing an additional 10,508 shares during the last quarter. Evergreen Wealth Management LLC increased its position 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 worth $4,275,000 after buying an additional 10,138 shares during the period. American Century Companies Inc. raised its stake 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 buying an additional 9,258 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Diamond Hill Investment Group by 35.7% in the fourth quarter. Millennium Management LLC now owns 28,777 shares of the asset manager's stock valued at $4,463,000 after buying an additional 7,569 shares during the period. Institutional investors and hedge funds 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.