Richard Scott Cooley Buys 272 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 272 shares of Diamond Hill Investment Group stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price 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 $1,390,896. The trade was a 2.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 20th, Richard Scott Cooley purchased 1,000 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $152.25 per share, with a total value of $152,250.00.

Diamond Hill Investment Group Stock Performance

NASDAQ DHIL opened at $147.47 on Thursday. The firm has a 50-day moving average of $149.31 and a 200-day moving average of $155.86. The stock has a market cap of $411.00 million, a PE ratio of 8.35 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 52-week low of $135.44 and a 52-week high of $173.25.

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. 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 during the quarter.

Diamond Hill Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group’s dividend payout ratio is 38.39%.

Hedge Funds Weigh In On Diamond Hill Investment Group

A number of hedge funds have recently bought and sold shares of DHIL. Creative Planning bought a new position in Diamond Hill Investment Group during the third quarter worth about $354,000. Western Pacific Wealth Management LP bought a new position in Diamond Hill Investment Group during the third quarter worth about $81,000. Victory Capital Management Inc. increased its position in Diamond Hill Investment Group by 4.3% during the third quarter. Victory Capital Management Inc. now owns 7,322 shares of the asset manager’s stock worth $1,183,000 after acquiring an additional 302 shares during the period. Royce & Associates LP increased its position in Diamond Hill Investment Group by 0.3% during the third quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock worth $26,948,000 after acquiring an additional 500 shares during the period. Finally, Evergreen Wealth Management LLC increased its holdings in Diamond Hill Investment Group by 62.1% in the 3rd quarter. Evergreen Wealth Management LLC now owns 26,454 shares of the asset manager’s stock valued at $4,275,000 after buying an additional 10,138 shares during the period. 65.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note 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.