Richard Scott Cooley Acquires 500 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley bought 500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $146.00 per share, for a total transaction of $73,000.00. Following the completion of the transaction, the director now directly owns 10,159 shares of the company’s stock, valued at approximately $1,483,214. The trade was a 5.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, February 28th, Richard Scott Cooley acquired 272 shares of Diamond Hill Investment Group stock. The shares were bought at an average price of $144.00 per share, with a total value of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley bought 1,000 shares of Diamond Hill Investment Group stock. The shares were acquired 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 $152.53 on Friday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $173.25. The firm has a market capitalization of $425.10 million, a PE ratio of 8.64 and a beta of 1.02. The stock’s fifty day moving average is $149.12 and its 200 day moving average is $155.79.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. The firm had revenue of $39.12 million during 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 Announces Dividend

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 dividend on an annualized basis and a dividend yield of 3.93%. Diamond Hill Investment Group’s dividend payout ratio is 38.39%.

Institutional Investors Weigh In On Diamond Hill Investment Group

Several hedge funds and other institutional investors have recently modified their holdings of DHIL. Royce & Associates LP boosted its holdings in Diamond Hill Investment Group by 0.3% during the 3rd quarter. Royce & Associates LP now owns 166,746 shares of the asset manager’s stock valued at $26,948,000 after acquiring an additional 500 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Diamond Hill Investment Group by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager’s stock valued at $12,352,000 after purchasing an additional 532 shares during the period. Geode Capital Management LLC boosted its stake in shares of Diamond Hill Investment Group by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock valued at $11,554,000 after purchasing an additional 1,495 shares during the period. American Century Companies Inc. grew its holdings in shares of Diamond Hill Investment Group by 28.7% in the fourth quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager’s stock worth $6,441,000 after purchasing an additional 9,258 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Diamond Hill Investment Group by 35.7% in the 4th quarter. Millennium Management LLC now owns 28,777 shares of the asset manager’s stock worth $4,463,000 after buying an additional 7,569 shares during the period. 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.