Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley Buys 500 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $144.00 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the director now directly owns 10,659 shares of the company’s stock, valued at approximately $1,534,896. This trade represents a 4.92 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, March 5th, Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock. The stock was acquired at an average cost 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 cost of $144.00 per share, with a total value of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley purchased 1,000 shares of Diamond Hill Investment Group stock. The stock was acquired at an average cost of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Stock Up 1.7 %

Shares of NASDAQ DHIL traded up $2.40 during midday trading on Friday, reaching $146.02. 1,581 shares of the stock were exchanged, compared to its average volume of 16,528. The firm has a market cap of $406.95 million, a price-to-earnings ratio of 8.21 and a beta of 1.01. The firm has a 50-day simple moving average of $148.39 and a two-hundred day simple moving average of $155.45. Diamond Hill Investment Group, Inc. has a twelve month low of $135.44 and a twelve month 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. The business had revenue of $39.12 million for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group’s payout ratio is 38.39%.

Institutional Trading of Diamond Hill Investment Group

Several large investors have recently added to or reduced their stakes in DHIL. R Squared Ltd acquired a new position in shares of Diamond Hill Investment Group during the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC boosted its holdings in Diamond Hill Investment Group by 300.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 319 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Diamond Hill Investment Group in the 3rd quarter valued at about $76,000. Cubist Systematic Strategies LLC acquired a new stake in Diamond Hill Investment Group during the fourth quarter worth $109,000. Finally, FMR LLC increased its position in shares of Diamond Hill Investment Group by 268.4% during the 3rd quarter. FMR LLC now owns 1,223 shares of the asset manager’s stock worth $198,000 after purchasing an additional 891 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.