Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Acquires $152,250.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 1,000 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average price of $152.25 per share, with a total value of $152,250.00. Following the transaction, the director now directly owns 9,387 shares of the company’s stock, valued at $1,429,170.75. The trade was a 11.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Diamond Hill Investment Group Price Performance

Shares of DHIL stock opened at $153.30 on Thursday. The company has a market cap of $417.44 million, a PE ratio of 8.68 and a beta of 1.02. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25. The stock’s 50 day simple moving average is $161.52 and its two-hundred day simple moving average is $155.65.

Diamond Hill Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $1.50 dividend. The ex-dividend date was Friday, November 22nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.91%. Diamond Hill Investment Group’s dividend payout ratio is presently 33.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Diamond Hill Investment Group by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,910 shares of the asset manager’s stock worth $3,647,000 after purchasing an additional 1,935 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Diamond Hill Investment Group by 76.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 741 shares of the asset manager’s stock valued at $104,000 after buying an additional 320 shares during the period. Legato Capital Management LLC boosted its position in shares of Diamond Hill Investment Group by 12.6% during the second quarter. Legato Capital Management LLC now owns 8,983 shares of the asset manager’s stock valued at $1,264,000 after buying an additional 1,008 shares during the period. BCGM Wealth Management LLC grew its stake in shares of Diamond Hill Investment Group by 2.9% during the second quarter. BCGM Wealth Management LLC now owns 18,638 shares of the asset manager’s stock valued at $2,623,000 after buying an additional 529 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Diamond Hill Investment Group by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 4,099 shares of the asset manager’s stock worth $577,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Diamond Hill Investment Group

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.