Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Announces Quarterly Dividend of $1.50

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 1.50 per share by the asset manager on Friday, March 21st. This represents a $6.00 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, March 10th.

Diamond Hill Investment Group has increased its dividend by an average of 14.5% annually over the last three years.

Diamond Hill Investment Group Price Performance

Shares of Diamond Hill Investment Group stock opened at $145.21 on Friday. Diamond Hill Investment Group has a 1 year low of $135.44 and a 1 year high of $173.25. The company has a market capitalization of $395.41 million, a P/E ratio of 8.22 and a beta of 1.02. The business has a 50-day moving average of $149.69 and a two-hundred day moving average of $155.99.

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

Insider Transactions at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley purchased 1,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of $152.25 per share, with a total value of $152,250.00. Following the completion of the transaction, the director now owns 9,387 shares of the company’s stock, valued at $1,429,170.75. The trade was a 11.92 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

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.