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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price 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 in the company, valued at approximately $1,534,896. This represents a 4.92 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 purchased at an average price of $146.00 per share, for a total transaction of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley acquired 272 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $144.00 per share, for a total transaction of $39,168.00.
• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $152.25 per share, for a total transaction of $152,250.00.

Diamond Hill Investment Group Price Performance

NASDAQ DHIL opened at $145.80 on Monday. The firm’s fifty day moving average price is $148.19 and its 200 day moving average price is $155.27. The company has a market capitalization of $406.34 million, a price-to-earnings ratio of 8.26 and a beta of 1.01. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 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 EPS for the quarter. The firm 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Monday, March 10th. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 38.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Wealth Management LLC raised its holdings in shares of Diamond Hill Investment Group by 62.1% in the third 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 last quarter. Barclays PLC raised its holdings in shares of Diamond Hill Investment Group by 279.9% in the third quarter. Barclays PLC now owns 4,654 shares of the asset manager’s stock valued at $753,000 after buying an additional 3,429 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Diamond Hill Investment Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager’s stock valued at $11,797,000 after buying an additional 1,215 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at about $527,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Diamond Hill Investment Group by 66.4% in the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager’s stock valued at $1,820,000 after buying an additional 4,493 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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