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 acquired 500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $144.00 per share, for a total transaction of $72,000.00. Following the transaction, the director now owns 10,659 shares of the company's stock, valued at $1,534,896. This represents a 4.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 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 purchased 1,000 shares of Diamond Hill Investment Group stock. The shares were bought at an average cost of $152.25 per share, with a total value of $152,250.00.

Diamond Hill Investment Group Price Performance

NASDAQ DHIL traded down $0.66 on Tuesday, hitting $145.62. 13,466 shares of the stock were exchanged, compared to its average volume of 16,460. The business's fifty day moving average is $147.99 and its 200 day moving average is $155.19. 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 $405.84 million, a PE ratio of 8.25 and a beta of 1.01.

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

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Monday, March 10th. This represents a $6.00 annualized dividend and a dividend yield of 4.12%. Diamond Hill Investment Group's dividend payout ratio is currently 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 note on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in Diamond Hill Investment Group during the fourth quarter worth $54,000. Tower Research Capital LLC TRC lifted its stake in shares of Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock worth $66,000 after buying an additional 319 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Diamond Hill Investment Group during the 3rd quarter worth about $76,000. Cubist Systematic Strategies LLC acquired a new position in Diamond Hill Investment Group in the 4th quarter valued at about $109,000. Finally, FMR LLC raised its holdings in Diamond Hill Investment Group by 268.4% in the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager's stock valued at $198,000 after acquiring an additional 891 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

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.